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A consumer has $100 per day to spend on good X, which has a unit price of $5, and good Y, which has a unit price of $15. What is the slope of the budget line if good X is on the horizontal axis and good Y is on the vertical axis?
The demand for a product can change due to manyfactors. Distinguish between a change in demand and a change inquantity demanded. What are the determinants of demand What arethe determinants of supply
What is the relationship between the shape of the position of indifference curves on the budget line and the preference?
What countermeasures could it take to prevent the Congress from expanding the money supply and What is the potential impact on the money supply? Suppose the central bank decided that the money supply should not be increased.
For each of the following, determine whether it is an asset or a liability on the accounting books of a bank. Explain why in each case Cash in the vault Demand deposits
Glassworks and Clearsmooth compete in the local market for windshield repairs. The market size (total available profits) is $10 million per year. Each firm can choose whether to advertise on local television.
You have some goods to auction. You have a friend who suggests that you use an English auction. What information do you want to know before you decide whether or not to take your friends advice?
When figuring the number of people unemployed, is it the laborforce - the number of employed adults What abou adults in the military the nonadult population institutionalized adults and nonmilitary, non institutionalized adults not in the labor fo..
There are many factors might change AD and AS, and equilibrium. Please evaluate the effect of following scenario on the AD curve, AS curve, and accordingly the effect on equilibrium price level and equilibrium GDP/output.
Explain the difference between the demand curve facing a monopoly firm and the demand curve facing a perfectly competitive firm.
jason enjoys dvds and spy novels and spends 60 a month on them. the price of a dvd is 20 and the price of a spy novel
Write an equation for Mary's BL2. In words describe any similarity between BL1 and BL2: explain why this similarity exists.
work decisions are based upon a comparison of priviate cost and the private benefit. The excludedable benefit of addtional work is measurable as the change in what options - income less transfer payments lost, gross income, net tax payments, adjus..
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