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Consider a decisionmaker who is choosing how many apples to buy. His choice set is {0, 1, 2, 3, 4, 5, 6} (the store has only 5 apples). (a) Suppose the decisionmaker always wants as many apples as possible. Find a utility function that represents this preference. (b) Suppose the decisionmaker always wants as few apples as possible. Find a utility function that represents this preference. (c) (A bit trickier) Suppose the decisionmaker’s ideal number of applies is 3, and he is indifferent between m < 3 apples and 6 − m. Find a utility function that represents this preferences.
Using the four scenarios, discuss each and choose periods when each scenario has occurred in the U. S. or other countries: a. higher interest rates, more capital invested b. lower interest rates, less capital invested c. lower interest rates, more ca..
What should have happened to the risk premium on Ukrainian government bonds after Russian troops invaded the Crimea in Late February? You need graphs and a brief written explanation to answer this question.
Explain how many hamburgers does Ron produce. Illustrate what price does Ron charge for a hamburger.
Elucidate how the necessity of a good and the availability of substitutes impact the price elasticity of the product. The product is beef.
What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.
The optimal capital structure is the mix of debt, equity, and preferred stock that minimizes the company's cost of preferred stock.
Tax Freedom Day answers the basic question, Illustrate what cost is the nation paying for government.
bananas can be produced. Between these points. Illustrate what is the opportunity cost of producing a pound of apples.
Discuss the organizational structure of your selected organization, then compare and contrast it with two different organizational structures.
wo companies A also B are duopolists who produce identical products. Determine the long run equilibrium output also selling price for each firm.
Elucidate how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.
Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium quantity?
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