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There are two goods X and Y. Tabithas Utilities are given by U = 1/3X2 + 2 Y1/2. If the price of X is $2 and the Price of Y is $0.75 What is Tabithas optimum bundle?
In the wake of hurricane Katrina, Americans were stunned by the loss of life and the damage sustained. Criticisms were directed at the city government of New Orleans, the state government of Louisiana, and the Federal Emergency Management Agency, a p..
Discuss the following – What feature (s) of Medicare would cause an economist to say that “Medicare stinks as insurance”? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front’ deductibles and least ..
The management of the Mini Mill Steel Company estimated the subsequent elasticities for a unique type of steel.
In Pure Competition, where is the shut down point compared to the AVC curve?
Explain how your policy would help increase aggregate demand. That is, does it increase C, I, G, or X?
What about the film demonstrated a the complexity of race and skin color as determinants of peaceful coexistence among citizens of the same country?
John Poe works for a successful tech company - "REC TECH" which is on the verge of applying for a patent on an amazing breakthrough involving computers.
Using the methodology illustrated in Table 4.3 and your knowledge as an automobile owner, prepare a competitive strength assessment for Ford, BM, Chrysler, Toyota and Hyundai. What does your competitive strength assessment disclose about the overall ..
Demand: P=50-QD and Supply: P= 25+QS The government decides to impose a price floor of $40. Illustrate graphically the different economics effects of such intervention in this market. Calculate and compute the deadweight loss generated by the governm..
Suppose that it costs $15,000 per year to obtain a four-year college education. Assume that the real interest rate is 5% and that there are 45 years beyond college graduation during which an individual will work. What after-tax returns on the investm..
Delta Airlines experienced huge losses for several years in the early 2000’s, yet it continued to operate its fleets. Why didn’t Delta shut down its operations to further avoid losses?
Suppose that a car dealer has a local monopoly in Selling Volvos. It pays the wholesale price w to Volvo for each car that it sells, and charges each consumer the retail price p. Suppose that the car dealer and Volvo work separately. What would be th..
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