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Dave currently consumes 10 hot dogs and 6 sodas each week. At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3. If the price of one hot dog is $1 and the price of one soda is $0.50, is Dave currently maximizing his utility? If not, how should he reallocate his spending in order to increase his utility?
(The Human Body and the U.S. Economy) Based on your own experiences, extend the list of analogies between the human body and the economy as outlined in this chapter. Then, determine which variables in your list are stocks and which are flows.
A household's decision about what quantity of an output or product to demand depends on a number of factors. List them.
Assume a depository institution holds vault cash of $3 million, reserve deposits at the Fed of $25 million, and has borrowed $2 million from the Fed's discount window. If that institution holds $300 million in transactions deposits and is subject ..
Compare the path of GDP in this question with the path in problem 1 after policy actions have been taken.
Calculate the marginal effects in the logit analysis and compare them with those obtained using OLS.
Domino Sugar Is considering the purchase of Fisher Honey Co. for $100 million. Based on information obtained from 500 supermarkets around the country, when 1 lb. of Domino Sugar went o sale from $2.00 to $1.50,
What is an output gap in this hypothetical economy? Based on your estimate of the output gap, would you expect the unemployment level to be higher or lower than usual?
How has Argentina fared after its financial crisis in 2002
What is the purpose of a continuous improvement program? What role does HRM play in assisting continuing improvements?
Revenue at a major cellular telephone manufacturer was $1.4 billion for the nine months ending March 2, up 97 percent over revenues for the same period last year. Management attributes the increase in revenue to a 137 oercent increase.
A study by the centers of disease control (CDC) found that 23.3% of smokers are adults and that roughly 70% of those who do smoke indicate that they want to quit (Associated Press, July 26, 2002).
Fit an earnings function using your EAEF data set, taking EARNINGS as the dependent variable and S, ASVABC, and MALE as the explanatory variables, and perform a Goldfeld-Quandt test for heteroscedasticity in the S dimension. (Remember to sort the ..
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