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Suppose you consume two goods, X and Y, Suppose also: - Y is a normal good. - When the price of X goes up, you increase your consumption of Y. Illustrate the income and substitution effects on your consumption of Y. Which effect is bigger? Justify your answer.
Suppose an economy of two firms and two consumers. The two firms pollute. Firm 1 has a marginal savings function of MS1(e) = 5-e where e is the quantity of emissions from the firm.
Female shoppers generally value microwaves more than men and attribute greater value to the auto-defrost feature. There is little additional cost to incorporating an auto defrost feature.
Technological advance improves productivity in a purely competitive industry. This change will result in a shift: a.) down of the individual firm's MC curve, causing the market supply curve to shift to the left b.) down of the individual firm's MC cu..
What are some explanations for the coordination failures that prevent workers and employers from reaching agreements?
For many years, your company has been protected through patents, Technological change and introduction of new products have been slow.
what is likely the single most effective step that a company can take to set ethical standards? choose one answer.a.
suppose you have the following simultaneous equations model:which are the endogenous variables (y & x3) and the exogenous (Z, X2) Im lost as to what X1 is because it appears on both equations? also which equation is identified or not identified or ..
price fixing is a per se violation of the clayton antitrust act. from the materials in the library and the internet
consumption300imports30government purchases150exportsnbsp80gnp700nbspnbspgross private dom. invest.100nbspnbspusing the
if youre the marketing manager of a large corporation which of these financial ratios would you look at first and why?
Assume that the banking system's nonborrowed reserves total $48.3 billion, with total legal reserves standing at $51.2 billion. What must lent reserves be?
In an up-coming textbook chapter you will learn that wages reflect the productivity of labor. That is, higher productivity brings higher wages, and vice versa. How do the readings in this group cast doubt on this morsel of theory.
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