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Problem: How to revise this words This method allows for the consumption of up to 500 calories per day, which can be consumed at any time during the two fasting days.
Write down the Lagrangean for problem and Write down the first order necessary conditions (FOC) for a minimum.
Suppose the wage rates of workers are based on the expected price level. If there is an unexpected increase in AD, it will cause the actual price level to increase. Then workers should raise their expected price level and negotiate a higher wage r..
Suppose that the country begins to trade with other countries. If it manages to maintain consumption and government spending
Suppose that when the price of bicycles is $100, 500 bicycles are demanded and when the price of bicycles is $200, 100 bicycles are demanded. Using the standard percentage change formula (not the midpoint method), what is the percentage change in ..
Describe several types of building construction. Explain modern construction techniques. List common materials used in building construction. Explain the impact of fire in buildings.
A longstanding issue in economics is how income taxes affect government revenue. Proponents of increasing income taxes say that taxing citizens at a higher rate will increase government tax revenue since you are collecting more from each person.
At one time, it was believed that the way for a nation to prosper was to export as much as possible while importing as little as possible. More money would flow into a country than out of a country. Is this really a sound economic strategy
What is the importance of law of supply
How is culture learned and shared? Why is the concept of culture central to the study of anthropology? Be sure to provide specific examples from Chapters 1
Why are banks able to maintain reserves that are only a fraction of the demand and savings deposits of their customers? Is your money safe in a bank? Why or why not?
1-sketch a situation where preferences is not convex not strictly monotonic and there is no walraisian equilibrium. 2-sketch a situation where preferences is not convex not strictly monotonic yet walraisian equilibrium exist. 3- repeat (1) and (2), b..
What are usury laws? Why do economists hate them? Explain why a dollar today is worth more than a dollar you will have in the future. Why is the supply of loanable funds upward sloping? Why is the demand for loanable funds downward sloping?
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