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Paul's utility function is u(x, y) = xy2. Let unit prices be given by Px = 6 cents, Py = 2 cents, and assume that Paul's budget is the same as Peter's from the previous problem: he has $9 to spend on coffee and sugar. Find Paul's best choice. Illustrate it graphically.
Assume that Jane spends her entire income of $100 on two goods, x and y. Moreover, these goods are perfect complements for her. Let the price of good x go up while the price
What''s the relationship between economic efficiency and technical efficiency
Hi I am currently working on my econometrics coursework which is to replicate a published paper. I was given the same data set as the paper and suppose to get the same answer as th
Can you draw a line which starts from left to right has a positive slope?
when is an econometric model said to be simple and naive
suppose only one professor teaches economics at your university, would you say that this prof is a monopolist who can exact any price from students in the form of readings assigned
Problem: a) Using a financial or economics theory, determine a simultaneous structural model and a recursive model, explaining each variable used in the models. b) Using
PROOF THAT E(XU) DIFFERENT FROM ZERO.
verify Leibniz rule for differentiation under the integral sign for the following function 2x^2+3xy+3y^2
Assume the following table gives the joint PDF (probability distribution function, not Adobe document!!) of two discrete variables, x and Y. Vari
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