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If revenues from selling quantities x and y of jointly produced goods X and Y were
TRX = 300 - xy + 50x and TRY = 1000 - xy + 2y, and 10 units of y were produced, what would be marginal revenue with respect to X?
What is the answer for this problem?
Assuming continuous compounding, what is the nominal annual interest rate of this offer?
A college town in the West consists of three types of individuals: undergraduate students, graduate students, and professors. There are 100 of each type in the town of 300 residents. How many exercise machines should the university buy? Suppose inste..
Consider supply and demand in the market for privately-owned apartments in Moscow. What market outcomes do you predict in this market if the University of Idaho eliminates the requirement that freshmen must live on campus?
As China and India (both with huge populations and rapidly growing economies) continue to develop, what do you think will happen to their demand for energy.
Using aggregate demand and aggregate supply analysis, explain the happy coincidence of both low inflation and decreasing unemployment in the United States during the roaring nineties
A cost of using Fed discount operations to prevent bank panics would be ______. Economics of scale explains the existence of financial intermediaries because of ______. Benefits of using a nominal anchor for the conduct of monetary policy includes __..
Say y store it as cash in a mayonnaise jar in kitchen cabinet. What would this do to circular flow of income and spending. How would businesses react to household hoarding.
What is a key benefit of maintaining a stable value of money?
Explain how a group of nations could develop a cartel to maximize their profits of COFFEE. Be sure to address natural resources and/or factor endowments that could be leveraged in the creation of the cartel.
In a two year setting Rod has earnings of $8000 this year and earnings of $25,000 next year. He can borrow or lend at an interest rate of 25%. Draw his budget line including endpoints. What is the slope of the budget line? What is the interpretation ..
Using your knowledge of after tax engineering economic analysis on a company's investment decisions and the information in the articles, relate how taxes can affect investment decisions. The Laffer curve basically relates how a 5% increase in a tax r..
According to the alternative approach (heterodox) towards economic production the only real scarce factor is time. Money, being a credit/debit relationship, cannot, by definition, be scarce. Nor are capital or resources scarce but reproducible.1 This..
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