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1. A consumer has $300 to spend on goods X and Y. The market prices of these two goods are Px $15 and Py $5.
a. What is the market rate of substitution between goods X and Y?
b. Show how the consumer's opportunity set changes if income increases by $300. How does the $300 increase in income alter the market rate of substitution between goods X and Y?
2. A consumer must divide $ 600 between the consumption of product X and product Y. The relevant market prices are Px = $10 and Py = $40.
a. Write the equation for the consumer's budget line.
b. Show how the consumer's opportunity set changes when the price of good X increases to $ 20. How does this change alter the market rate of substitution between goods X and Y?
The Flat Rock auto assembly plant in Detroit, Michigan, produces three different makes of automobiles. In 1994 and 1995, the plant constructed a total of 390,000 cars. If 90,000 more cars were made in 1994 than in 1995, how many cars were made in ..
Convolve subimage given below with a 3x3 mean filter. Determine the output of convolution at center entry of subimage? What about if you use 3x3 median filter?
Write a method that takes a Map as a parameter and returns a new Map in which keys and values are swapped. Throw an exception if there are duplicate values.
1. Create a new table for Suppliers' contact information and set the primary key and appropriate data types for the fields. The table should at least contain the following information: a. Company name and address b. Representative's name, pho..
Avoid games with lots of complex combinations like card games, i.e. poker, unless you desire a surmountable challenge. The real goal is for you to demonstrate the use of the design tool to reduce the amount of time spent coding and error fixing.
The aim of this project write the Logic and Pseudocode for a database consisting of two major sets of tables - personal related and medical related.
What were the data backup problems when Petco used tapes. What were the data backup problems when Petco used mirroring
Outline the role played by the user in the design Lifecycle of a website:
They are asking candidates to describe briefly how they would satisfy StoreItRite's requirements as stated above. How would a successful candidate respond?
logic gates as higher-level than transistors, and assembly language as lower-level than user programs. What is the meaning of the distinction between higher and lower levels in this context?
1. Would the new reservation and booking system be a horizontal or vertical application? Explain. 2. What software development and acquisition strategies should Sandy Shores consider?
Prove that if path halving is performed on the finds and either union-by-height or union-by-size is used, the worst-case running time is O(Ma(M, N)).
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