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Alice and Bob survive on hamburgers and salads. Alice's utility function is UA = hA(sA - 1) where hA and sA are her consumption of hamburgers and salads respectively.
Bob's utility function is UB = (hB - 1)2sB where hB and sB are his consumption of hamburgers and salads respectively. Let p be the price of hamburgers measured in salads. Alice is endowed with one salad and two hamburgers. Bob is endowed with six salads and two hamburgers. Find the competitive equilibrium.
Using appropriate diagrams and notations,carefully explain the relationship b/n elasticity, total revenue and marginal revenue. 2,discuss the uses of elasticity of demand.
What is wrong with claiming that changes in the distribution of income are associated with trade instead of the technological changes that the article discusses.
Explain how are presidential election outcomes related to the performance of the economy. What are the major factors that have affected U.S. household consumption since the recession in 2001.
The three problems of resource allocation are faced by
Illustrate what potential conflicts of interest could arise in a management buyout in which the investment bank is also likely to be an investor.
determines the net weight of each, and computes the mean of these 16 weights with the sample standard deviation, s= 0.25.
Determine the after-tax cash flows for this investment. make adjustment in the DDB depreciation charges if necessary in any year in light of the SV of $20k
discussions facility costs please respond to the following suppose you have been working with the federal government
Explain how is the cross elasticity theory used to empirically define economic markets.
q.suppose sam.com sell 3500 books on account for 11 each cost these book is 16500 on october 10 2012. one hundred of
Discuss the role and the effect of reputation on cooperative behavior by selfish individuals. Discuss the biological reason for cooperative behavior with relatives.
Express Illustrate what will happen also why to the firm's average fixed costs, marginal costs, average costs also profits as the firm makes its choices.
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