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Use separate graphs to sketch two indifference curves for people with each of the following utility functions.
(a) U(x, y) = x + 2y.
(b) U(x, y) = min{2x, y}.
(c) U(x, y) = max{2x, 3y}.
She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
Why would a merger reduce costs? Why would a merger increase markups? Why do many mergers fail nonetheless? What information would you like to have to plan advertising spending? Why might banning advertising drive up prices?
If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.
How does an increase in the saving rate affect the break even and actual investment curves in the Solow model? Use graphs also.
Elucidate a personal daily struggle that is an example of the law of noncontradiction and the challenges posed to your beliefs and decisions.
The output level at which the aggregate demand curve intersects the aggregate supply is Saving zero. Macro equilibrium is achieved. Full employment is sustainable. Micro equilibrium is achieve
q.draw a graph with arcade games on the horizontal axis also newspapers on the vertical axis. joe has 10 every week to
From 2006 to 2010, per capita real gross domestic product (GDP) in Poland grew an average of 4.71% per year. At that rate, according to the Rule of 70, in roughly how many years will the Polish economy double in size?
Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
Discuss the policies that Keynes as well as Hayek supported regarding how federal government ought to manage economy. What are differences between each school of thought.
Why do so many members of Congress believe that the federal government should subsidize local projects, such as improvements in bus or subway systems in major cities?
Use the endogenous growth model to determine the effects of this on the paths of aggregate consumption and aggregate output overtime.
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