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Micro Economics
1. Consider a utility function
U = x3y6
What is the indirect utility function if prices of x and y and income are denoted by px, py and M respectively?
What is the particular form of money (M1,M2, etc.) that would be the smallest measure that includes the type of money described in the article. (For example, if the article is about cash, write "M1." Although all other forms of money include cash, M1..
Why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchises that operate from commercial buildings?
hormone free dairy milk has been found to be potentially more beneficial and healthy. consider the market for this
See if you can find some examples of changes in new goods, services, govern- ment policies, or institutional arrangements that work by reducing the time price of a product. How do you think that change will affect the demand for the product? Will ..
suppose there are two consumers a and bthe utility functions of each consumer are given byuaxyxyubxyminxythe initial
Suppose that the default risk of corporate bonds increases due to a downturn in the economy. As a result, we would expect the equilibrium
some games of strategy are cooperative. one example is deciding which side of the road to drive on. it doesnt matter
Suppose an economy described by the Solow model has the following production function: Y= K^1/2(LE)^1/2: a) For this economy, what is f(k)?
Modify the influence diagram in Figure (the hurricane-forecast example) so that it contains nodes for each of the two objectives.
Please sort the items below into the appropriate box based on whether the change signals: 1) An increase in GDP and improved standard of living 2) An increase in GDP without improved standard of living, or 3) No increase in GDP and improved standard ..
The table below represents the world supply and demand for natural vanilla in thousands of pounds. A large portion of natural vanilla is grown in Madagascar.
What is the relationship between ethical and legal issues? What role do external social pressures have in influencing organizational ethics? How might these issues be relevant to personal and organizational decisions?
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