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Suppose Consumer A has a utility function U(X,Y)= X+3Y. Consumer B's utility function is U(X,Y)= X*Y. Also there are a total of 18 units of good X and 9 total units of good Y. Using the Edgeworth Box, construct a contract curve. (please draw out picture of graph)
Explain how might I have reallocated my spending so as to maximize my total satisfaction from pizza and coffee.
To save on gasoline expenses, Edith and Mathew agreed to carpool together for traveling to and from work. Edith preferred to travel on I-20 highway as it was usually the fastest, taking 25 minutes in the absence of traffic delays. Mathew pointed o..
Describe the best target market of the state. Discuss your analysis. It should be based on Table 8-1 in your textbook. Analyze any travel data or information provided by the website regarding traveler attitudes or trends in traveling.
1. using your understanding of tax incidence explain why some states do not charge sales tax for basic foods.2. explain
In what ways can the government policies affect the degree of competition and the mark-up, positively or negatively?
Should a country's income be distributed to its members based on their contributions to production of that total income or according to the member's requires?
If sales fall by 20 percent from 1 million papers per month to 800,000 papers per month, what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these costs?
Economists classify production functions as possessing constant, decreasing or increasing returns to scale. Yet, from a cause-and-effect point of view, it is not readily apparent why decreasing returns to scale should ever exist. That is, if we du..
In this course you will be required to research the stock market and become familiar with stock market performance indicators. You will also take part in a simulation to see just how good of an investor you can be.
Are global 1 trade2 patterns consistent with economic theory? How might democratic states avoid a 'protectionist backlash' against free trade
Explain how will unskilled workers adapt to a workplace requiring more skilled workers and fewer unskilled workers.
Specialized area of inquiry within the subject of macroeconomics. The student will choose their area of inquiry early in the term subject to the approval of the Professor.
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