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Good 1 is a normal good and good 2 is an inferior good. Using 3 budget lines and 2 indifference curves, illustrate the effect of an increase in P2 on the consumption of both x1 and x2. Label income and substitution effects for both goods.
Illustrate what is the firm's current profit. Illustrate what is likely to occur in this market.
Illustrate what is approximately the maximum amount the rm is willing to pay to be allowed to use e more units of input x, for e small
If Cameron is a risk neutral inventor, which option will be selected? d. How would your answer change if Cameron is a risk adverse investor?
do you consider important to our overall economic health and are things getting better or worse? Please use real-world facts (i.e. statistics) to back up your answer.
Illustrate what is repayment amount if you make a cash loan. Illustrate what does cost-of-carry of futures or forward pricing mean? Explain how is it related to storage cost of gold.
Ann Page Corporation has fixed expenses of $30,000 per year. Variable expenses per unit are $17. Sales price per unit is $30.
As a policy maker wanting to correct effects of gases and particulates emitted by a local power plant what two policies could be used to reduce total amount of emissions.
Assume you have 5 uneven payments to make and you want to know what you will be paying at 10% per payment (year) on this uneven payment.
The other product is K9Grass for consumers who have pet dogs. The addition of these two new synthetic grass products is a way for Forever Lawn to increase its:
Illustrate what is equilibrium price of box. Is this long-run equilibrium price. Explain how many firms are in this industry when it is in long-run equilibrium.
Explain how do you suppose the tickets were rationed. Sketch supply and demand curves for the tickets to each of the two games.
Write an equation for predicting sales if Austen assumes that the percentage change in sales is twice as large as the percentage changes in income and advertising
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