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Adam Sandler has a utility function U(C,L)=C^1/2L^1/2. The wages now available to him are $9/hour and non wage incomes in royalties are $6/day. Find the MUL and the MUC. Find the MRS for leisure to consumption to find the optimal ratio of leisure to consumption. Write out and draw the Budget Constraint for Adam Sandler, assuming he has 24 in which he can work.
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $250.
A student investment club, The Millionaires Club, is considering purchase of a security for the club. The current earnings per share is $.75 and is expected to increase by $.0
classical economists believe that. keynesian economists believe that. in dealing with the "great recession", the obama administration has largely followed the policies of ____
Suppose the value of the cpi is 1.100 in year one 1.122 in year two, and 1.133 in year three. Assume also that the price of computers increases by 3% between year one and year
Why does Krugman call Obamacare “The Big Kluge”? What is his explanation for why we didn’t expand Medicare? What do the two interest groups – the currently insured and the Ins
In the economy of UNAM in 1968 exports were $45, GDP was $570, Government Spending was $85, Investment was $29 and Imports were $2. What was UNAM's consumption in 1968?
There is strong tendency for oligopolists to cheat on collusive agreements because: When there is demand-pull inflation, people's total spending in the economy will be falling
Explain how Airbus and Boeing develop their 20 year forecasts. Explain how they differ and how they might be similar. Next, identify factors that affect supply and demand for
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