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Peter's utility function is u(x, y) = x + 2y where x is the number of ounces of coffee and y is the quantity of sugar in grams. Let unit prices be given by Px = 6 cents, Py = 2 cents, and assume that Peter has $9 to spend on coffee and sugar. Find Peter's best choice, in terms of quantities of coffee and sugar. Illustrate it graphically.
1. (a) Consider a perfectly competitive industry that produces a total output of 190 units in the long run. Suppose there are n identical firms in the market. Each firm then produc
what is indirect utility function?
effect on of multicollinearity.
(a) Estimate how much more or less workers on average earn when they work for government as opposed to private sector, holding their characteristics constant. Interpret the finding
Discuss the descriptive statistics of total government expenditures and per capita government expenditures. Plot their histograms and comment.
exceptional supply
Assume the following table gives the joint PDF (probability distribution function, not Adobe document!!) of two discrete variables, x and Y. Vari
PROOF THAT E(XU) DIFFERENT FROM ZERO.
Ask question #Minimum unions tie the hand of management and inhibit efficient decision making100 words accepted#
Outdoor Travel Inc. needs to estimate the cost of capital for the evaluation of capital expenditures. A typical project is financed with 25% debt-to-value ratio (i.e., D/(D+E) = 0.
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