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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)
The government has to go into the market and buy output, which it then puts in a warehouse for indefinite storage. the government must buy units of output to reach its price target the price support program raises profit per firm to.
In 2001, the U.S. government mailed rebate checks in the amount of $300 or $600 to many households. Discuss what would happen if the U.S. government did the same thing today. Would households spend the extra income or use it to pay down debts
Select a policy or proposed environmental policy and write a one page essay analyzing what the policy's stated goal is, whether the policy is likely to achieve this goal, what the costs of implementing the policy wll be, who will bear these costs.
For all papers submitted to this class, APA (6th edition) format is required. The cornerstone of academic writing is "compare and contrast" which is what you will be doing when you discuss how your selected article applies to the concepts studied i..
Suppose that the income effect of the tax induced price change is negligible, the excess burden of the tax will be.
Suppose that the company is a price taker and the market price is $10. How many units will each plant produce?
Illustrate what price-quantity combination maximizes your firm's profits. What price-quantity combination maximizes revenue.
What equation would you use to find growth. Fill out GDP deflator column. Fill out inflation rate column. Graph the Inflation rate with time on the horizontal axis and inflation rate on vertical axis.
Discuss why the government would implement a program to lower the price of a good and the welfare effects of such a program. Give an example of good for which such a policy has been implemented and explain the purpose of the policy.
Illustrate what are monthly fixed costs, quasi-fixed costs, and variable cost for Exquisite Portraits Inc.
As a budding entrepreneur, you have purchased a small bagel shop. You have engaged in a market study to categorize your customers' willingness to pay for a meal (coffee+bagel) into 8 equal sized groups: ($5.00, $4.50, $4.00, $3.50, $3.00, $2.50, ..
Stabilization policy holds that during periods of poor economic performance government should engage in expansionary policies but during periods of poor economic performance government should engage in contractionary policies. Provide three reasons f..
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