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Q1. (Law of Diminishing Marginal Utility) some restaurants offer "all you can eat" meals. Explain how is this practice related to diminishing marginal utility? Illustrate what restrictions must the restaurant impose on the customer in order to make a profit
Q2. The U.S. government reported in July 2004 that there were 75.6 million people not in the labor force; 147.9 million in the civilian labor force also 139.7 million employed. Based on these numbers, Illustrate what was the unemployment rate?
The bit-reverse operation used in FFT algorithm is a permutation operation. The following table shows the bit-reverse operation used in an eight-point FFT computation. Find a permutation matrix P such that: y(binary) = Px(binary)
Part of the administrative burden of a tax is
What are equilibrium consumption, private savings, public savings, and national savings - Find the equilibrium interest rate r and equilibrium level of income Y.
What determines the vertical intercept of the Security Market Line (SML)? What determines its slope? And what will happen to an asset’s price if it initially plots onto a point above the SML?
Estimate this equation separately for men and women and report the results in the usual form. Are there notable differences in the two estimated equations?
farmer dorr figures that her fixed costs are 2000 and the relevant portion of her total cost curve
Two suspects are arrested and charged with a crime. The police lack sufficient evidence to convict the suspects, unless at least one confesses. The police hold the suspects in separate cells and explain the consequences that will follow from the a..
Refer to the above data. If the product price is $55 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.
While market-based hedging instruments can be used to offset or counter uncertainties in interest rates and exchange rates as they impact the income statement, balance sheet hedges require a different approach
A firm operating in a competitive market has the following quadratic total cost function TC = 10Q2+ 5Q + 400 If the market price of the good is $165 per unit- What is the firm's profit maximizing level of output? What is its profit
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $2,654 per year, paid at the beginning of each year, in which case maintenance is provide. Alternatively, she can buy a use..
To maintain utility constant an income adjustment brought the student to consume the basket (61,92). What are substitution effects and the income ?
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