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assuming that the marginal utility of the first four pieces of candy was 30, 28, 24, and 18 respectively, how much total utily was derived from eating three pieces of candy?
a)58 b)54 c)82 d)100
Distinguish between the crowding-out effect also the Ricardo Barro effect. Elucidate how are the 2 effects related
Explain how will La Nina affect the price of Chilean wine. Assuming LaNina does not impact the California wine producing region, how will La Nina impact the market for Californian wine.
Suppose nominal GDP in 2002 was $100 billion and in 2003 it was $260 billion. The general price index in 2002 was 100 and in 2003 it was 180. Between 2002 and 2003 the real GDP rose by:
Illustrate what happens if the insurance plan reduces the deductible to zero. What happens if the coinsurance rate is increased.
Elucidate how you would address each of the main problems in the organization.
After that Dewey's opportunity cost of producing one bushel of corn is 1/2 yard of cloth.
How will this change in the level of price affect the demand for money and the equilibrium interest rate.
Illustrate what are different types of unemployment and how do they affect economy. Illustrate what is inflation. Illustrate what is deflation.
What is the profit-maximizing price and output level? Solve this algebraically for equilibrium P and Q and also plot the MC, D and MR curves and illustrate the equilibrium point.
What happens to the population size in the long run? Does the Iron Law of Wages (where Malthus asserted that technological change would not improve human living standards) hold in this case? Why or why not?
Which among the equation will you choose for a better demand estimation. Illustrate answer in the language of statistics.
What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry.
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