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Q. Budget constraint: Prices, income and government restrictions limit a consumer's ability to make purchases. Various possible bundles of goods given their income, which limits amount of goods they can purchase. Preference Consumers always choose goods which give most pleasure. So how do we measure about pleasure? And how do we rank goods?
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
If a second McDonald's franchise, Mac Junior, was to move into Obscure City. Elucidate what is the market price that would prevail at equilibrium in a Cournot oligopoly.
The expansion will cost $60 million and will be financed with $40 million in new debt initially with a constant debt equity ratio maintained thereafter.
Illustrate what are the historical trends and current state of the federal budget and deficit spending. Should the federal budget be balanced? Is this really necessary.
How weight represents the amount of raw materials. Data containing the weight in pounds from a sample of 368 pallets of Bridgetown shingles and 330 pallets of Holetown shingles are contained in Pallet data which can be downloaded from the class web..
Sam sells shavers also Alvin sells after cut off. Imagine Sam discovers a new production technique that lowers his costs of production.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
What asymetric Information can contribute to the onset of both a currency and financial crisis.
Nancy's price-offer path is horizontal. Explain how does Nancy's expenditure on good 1 respond to changes in p1.
The marketplace equilibrium price is $45 every bag. The price at a is $85 every bag. The price at c is $5 every bag. The price at f is $59 every bag.
Though it does lead to an interesting next question. Illustrate what do you think would happen to sale and price of DVDs after this.
Illustrate what are the effects on the growth rates of cumulative o/p, cumulative consumption, and also cumulative investment.
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