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Suppose that mux=10 and muy=20, further suppose that the consumers budget constraint can be expressed as 20x+10y=400. For this consumer, find the optimal amount of good x to buy.
Given this information, evaluate the following statement: Airlines could have the same effect on demand by eliminating their frequent flyer programs and simply lowering the average ticket price by 10 percent.
What are some econometrics texts that you would recommend for me? I learned some intro econometrics in a course which taught from Studenmund but was extremely bored.
q1. at daves current consumption bundle involving positive units in both hot dogs and sodas his marginal utility for
Suppose that consumers decide to consume less (and therefore to save more) for any given amount of disposable income. Specifically, assume that consumer confidence (c0) falls. What will happen to output.
Interest rates on U.S. treasury bills are typically much lower than interest rates on U.S. treasury notes and bonds. If the federal government wants to reduce the interest charges it pays when it barrows money, why doesn't the treasury stop selling t..
Compute by how much monetary policymakers must change the nominal money supply for the expectations of firms and workers to be realized.
As an inflationary gap is eliminated through an economy's self-correcting adjustments process,
Explain what the GDP cost index is and what is its role in differentiating nominal GDP and real GDP.
An individual wishes to deposit an amount of money now and $100 every six months so that at the end of five years $1,500 will have been accumulated. With interest at 4% per year, compounded semiannually, how much should be deposited now?
Choose on which market structure that these businesses fit - monopolistic competition, perfect competition, and oligopoly also monopoly.
What are carrying costs in the denominator of the economic order quantity (EOQ) formula? How do large carrying costs affect the economic order quantity?
If a price ceiling is not binding, then
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