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Assume the price of baseballs is $5 and baseball gloves is $20. Assume you have $100 total to spend on these items. Construct a table . What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the two purchases?
FOR THIS FIRST ASSIGNMENT QUESTION, YOU MUST MAKE UP A VALUE FOR MARGINAL UTILITY FOR IT TO MAKE ANY SENSE.
If the exchange rate at the end of the year is 105 yens for a dollar then what would be the inflation rate be in the US.
Elucidate how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
Elucidate what will happen to the equilibrium price and quantity of pizzas sold and why (which curve has changed) for each of the following situations:
Elucidate what will happen to equilibrium cost and quantity of satellite TV service if wages of workers who provide satellite TV service increase while at same time cost of cable television service.
Illustrate what are the different types of inflation. Elucidate why is it important to know which type of inflation we may be experiencing.
Illustrate what policies do governments adopt to redistribute income and how do those policies help the country's economic growth.
Show the effect of a 50 percent tax on interest income assuming the substitution and income effects cancel each other out. Compute and label all relevant values in your graph.
If a random sample of 400 clients is elected, what is the probability of Type I error using this decision rule.
How much profit does the monopolist earn? How much consumer surplus is left? (if any) Calculate the social welfare loss.
Describe the rationale behind arriving at figures for the natural rate of unemployment, stable prices, and sustainable economic growth.
There is a loan for 5,00 dollars with interest of 8 % annually. There is another way to repay the 5,000 dollar by making 4 annual payments of 1,000. Then what would the 5th payment be?
If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, which job affords you the highest purchasing power of the bundle of goods in the price index.
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