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Suppose a consumer has preferences over two goods that can be represented by the quasi-linear utility function The marginal utilities area) Is the assumption that more is better satisfied for both goods?b) Does the marginal utility of diminish, remain constant, or increase as the consumer buys more ? Explain.c) What is the expression for ?d) Is the diminishing, constant, or increasing as the consumer substitutes more for along an indifference curve?e) On a graph with on the horizontal axis and on the vertical axis, draw a typical indifference curve (it need not be exactly to scale, but it should accurately reflect whether there is a diminishing ). Indicate on your graph whether the indifference curve will intersect either or both axes.f) Show that the slope of every indifference curve will be the same when What is the value of that slope?
Assume the population over age 16 is 160 million, number of discouraged employees is 10 ml, the labor force is 110 ml and the total employment is 90 ml.
Explain how did the Mexican peso crisis differ from the Russian ruble crisis. What was the role of the IMF in these two currency crises.
the study of how to increase resources and create conditions that will make better use of resources. Resource development or Economics or else.
explain how much will real GDP change. Explain how the concept of comparative advantage was relevant to the trade negotiations.
Assume the Federal Reserve sells government securities from its existing holdings to the financial sector and the non-bank public.
Academic response to Required Rate of return. Calculate the required rate of return.
Economic growth has increased in the past few months in the United States and driven by a surging stock market and increased confidence in the global economy, Canadians have increased optimism about the future of economic growth.
The bonds have the characteristics - What is the value of the bonds?
Illustrate what are some of the comparative advantages for the companies to operate in the host country.
Suppose that an automobile race track is built several miles from a small town. After the construction is completed it is discovered that the heavy roar from the cars regularly disturbs the 2,500 local residents between the hours of 10:00 PM and 1..
the government needs to reduce smoking by 20%, by how much should it increase the price.
A corporation among $7 million in yearly taxable income is considering two alternatives
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