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Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping? Draw a utility possibility curve, and show how it is possible to achieve efficiency by moving from a point within the curve and the axes to a point on the curve. Create a graph on a spreadsheet program
Illustrate what is the efficient price of water. Illustrate what are the quantities of water allocated to agricultural also industrial use.
q. a. will a progressive medical tax scheme i.e. people with higher income face a higher medicare tax rate benefit the
Assume that the returns of these stocks are independent of each other. Find the mean and standard deviation of the total amount that this investor earns in one year from these four investments.
Suppose the T-account for ABC bank is as follows: assets: reserves($150000), loans(250,000)and deposits $400,000.if the fed requires banks to hold a 10 percent of deposits as reserves explain how much in excess reserves does ABC holds.
Does the patent system encourage duplicative efforts solely for the chance to be first.
q. 1. briefly summarize the ingredients determinants of economic growth.2. what phase of the business cycle is the u.s.
If it causes output to increase by more than 10 percent, production function is said to exhibit increasing returns to scale. Why might a production function exhibit decreasing or increasing returns to scale.
Elucidate how much the last input added to the total amount of revenue. Elucidate how much the last input added to the total amount of production.
q1. think about the electoral competition model with three candidates. extend the model to incorporate that candidates
A business employing 8 workers to produce commemorative t-shirts for campus events organizations.
When stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public," and the market for such stock is called the new issue market.
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why?
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