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ADVANCED ANALYSIS Given the following: zA = 30 - 4x zB = 20 - 5y, where z is marginal utility per dollar spent, x is the amount spent on product A, and y is the amount spent on product B. Assume that the consumer has $7 to spend on A and B—that is: x + y = $7. Instructions: Enter your answers as whole numbers. a. How is the $7 best allocated between A and B? $ on A. $ on B. b. How much utility will the marginal dollar yield? utils.
Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U are interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the prob..
Consider the markets for mobile and landline telephone service. Suppose that when the average income of residents of Plainville is $55,000 per year, the quantity demanded of landline telephone service is 12,500 and the quantity demanded of mobile ser..
Suppose that for Italy in 2008, exports 400 billion euros of goods and 300 billion euros in services, imports equaled 500 billion euros of goods and 350 billion euros of services, and the rest of the world purchased 250 billion euros of Italy’s asset..
The money made when the equipment is sold in not included in the last year's cash flow. It is incorrect. The after-tax cash flow is wrong.
How companies and countries are becoming specialised in certain industries to compete and expand their businesses. Compare Australia with any other country.
Microsoft and smaller rival often have to select from one of two competing technologies. The rival always prefers to select the same technology as Microsoft (because compatibility is important), while Microsoft always want to select a different techn..
Crowding out when the government use expansionary fiscal policy typically
helping him to dig bait for fishing, and he also purchased five of John's mature banana trees for 30 clamshells each. What is the GDP of George and John's island in terms of clamshells
Suppose that the economy is initially in a steady state and that some of the nation’s capital stock is destroyed because of a natural disaster or a war. Determine the long-run effects of this on the quantity of capital per worker and on output per wo..
Suppose than an oligopolist is charging $21 per unit of output and selling 31 units each day. Also suppose that previously it had lowered its price from $21 to $19, rivals matched the price cut, and the firm’s sales increased from 31 to 32 units. Wha..
Identify the main categories for your outline. What main points will you cover? The introduction usually introduces all of yourmain points, should flow logically, and is effectively linked to the main topic.
Suppose that, over a 564 day period, Mike Inc.'s stock price experienced (negative) Log Returns of -14%. Convert the Log Return into a Standard Return. What would the annualized Standard Return be?
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