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What axiom of consumer theory is involved when the price is zero? How might it be changed to exclude this possibility?
Consider the wisdom of a Constitutional Amendment to balance the federal budget. All states except for Vermont have such requirements written into their state
show the new quantity demanded at that price as we did in class. Also, show that the new total revenue will be greater than then old total revenue.
The participation of women in the U.S. labor force has risen dramatically since 1970. How do you think this rise affected GDP? Now imagine a measure of well-being that includes time spent working in the home and taking leisure. How would the change i..
Nicole employs Joshua. She wants him to work hard rather than loaf. She considers offering him a bonus or not giving him one. All else same, Joshua prefers to loaf. If they choose actions simultaneously, what are their strategies?
Calculating inflation using a simple price index-Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply.
During the 2008 financial crisis and the subsequent recession, how did major U.S. banks respond to the actions of the Federal Reserve? How did those monetary policy actions affect U.S. businesses and households? 3. How were the actions of the Federal..
Pollution control equipment for a pulverized coal cyclone furnace is expected to cost $190,000 two years from now and another $120,000 four years from now. If Monongahela Power wants to set aside enough money now to cover these costs, how much must b..
Indicate whether each of the following statements is possibly true or certainly false. The cost-minimizing bundle for y = 50 is l = 10 and K = 40 if labor and capital cost the same, and is l = 12 and K = 37 when labor costs $20 and capital costs $15.
If the sample size of your sampling distribution is 9, find the variance of the sampling distribution of the mean.
What factors in technological segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the indu..
How long does it take to convert an economist reader to convert into a subscriber?
Punk-rocker Pete is feeling insecure about his long-term relationship with economist Elaine. At the conclusion of a recent date, he tells Elaine, "I feel that I derive much more utility from this relationship than you." Elaine tells Pete that his cla..
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