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Suppose that there are two commodities and a consumer prefers more to less of each good. If the consumer has transitive preferences, can her indifference curves cross?
You are the manager of a monopolistically competitive firm. The inverse demand curve you face is P = 50 – 4Q. Your cost function is C(Q) = 10 + 2Q. What level of output should you produce to maximize profits? What is your profit and what will happen ..
Comment on this tradeoff between equity also growth.Explain how would you go about resolving the matter if you were the president of a small poor county.
According to the human skills theory of comparative advantage, developing countries would be expected to have a(n). After-transfers family income is the sum of
If the real wage can adjust to equilibrate labor supply and labor demmand, what is the real wage. In this equilibrium, illustrate what are employment, output, and the total amount earned by workers.
Total unemployment compensation increases during recessions with no change in benefit rates.
The currency-deposit ratio has been and is likely to remain relatively stable. The ratio of non-transactions deposits to transactions deposits increased by a factor.
Suppose there is a permanent increase in a country's saving rate. This increase in the saving rate will cause:
llustrate what happens to the money supply. Elucidate how would this change the incentive structure facing depository institutions.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
The remaining ten men are also farmers but they produce coconuts without shovels. Each such farmer can produce 50 coconuts per year.
Compute an appropriate measure of association also decide how to present the results.How might this information involve the advertising approach.
Suppose that demand for a public park for two groups of consumers (A and B) are given by:
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