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1. What is the MRS at any point if x is a neutral good? Explain why.
2. If the good on the y axis was a neutral good and the other good was a regular good, then what would the indifference map look like? Use Word's Drawing Tools to draw a graph of this situation.
government introduced an earned income tax credit. This reform has been considered controversial. a. Analyse the likely effects of the tax credit. b. What are the arguments in favour of the tax credit
suppose that ge is trying to prevent maytag from entering the market for high efficiency clothes dryers. even though
A road building contractor has received a major highway construction contract that will require 50,000 m^3 of crushed stone each year for 5 years. The stone can be obtained from a quarry for $7.80/m^3. As an alternative, the contractor has decided to..
On the demand side, what recent legislative and demographic developments likely have increased the demand for medical care by physicians?
Suppose the government mandates that all companies over 50 employees must provide an increased level of health care benefits. explain what effect this will have on the aggregate supply curve.
The price of coffee goes down and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee remai..
Are the salaries received by professional sports athletes outrageously high? Must the CEO's of financial institutions receive more monetary compensations than entertainers, since their jobs contribute more to the development of the country? What are ..
Suppose we observe that as a firm decreases its price its total revenue decreases. Which of the following is a possible value of its price elasticity of demand. Which of the following will not cause a decrease in the demand for apples.
How can the procyclical movement of interest rates(rising during expansions and falling during contractions) lead toa procyclical movement in the money supply as a result of Feddiscounting Why might this movement of the money supply beundesirable
The cost for operating a commercial truck is knv (1/2) where k is a constant of proportionality, v is velocity in miles per hour, and n is the trip length in miles. It is estimated that at 89 mph, the average cost of operation of $5.3 per mile.
The person credited with the first systematic expression of the principle of comparative advantage was ( )
Explain how an increase in the real interest rate
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