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Perform, the Lagrangian technique using objective function f(x, y) = x + y and constraint 0.25 - xy = 0. Then sketch a graph of the constraint and a few level curves of the objective, function. Did the solution to the Lagrangian technique give you a maximum, or a minimum of f(x, y)?
Assuming other countries do not change their own trade policies, what would be the impact on the value of the dollar relative to other currencies? What would be the effect on the jobs in U.S. industries?
During the fiscal expansion associated with the Vietnam war, what type of expenditures was initially "crowded out?"
Suppose that velocity is constant at 9, but the nominal money supply increases from $1.5 to $1.8 trillion. What must happen to nominal output? Suppose further that real output is constant at 13.5 trillion “units”: what must happen to the price level?
A firm manufactures widgets according to the production function Q = 8L3/4 K1/4, where Q is the number of skis made, K is the amount of capital, and L is the amount of labor employed. The firm is currently producing Q = 120 using L = 15 and K = 15. S..
BusinessWeek, in an article dealing with management, wrote, "When he took over the furniture factory three years ago ... [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few we..
Suppose a local bank increases the fees they charge for their bank accounts by 20 percent. In response, the demand for their bank accounts decreases from 50,000 to 45,000. What is price elasticity of demand for this bank's accounts? Using the midpoin..
Elucidate how these tendencies lead to religion becoming evil, how does Kimball respond to them and how the Greek Orthodox tradition transcends them.
q1. explain why is dispute among international dependency and the neoclassical counter-revolution schools referred to
A customer pays an admission fee to get into the local YMCA, and also a monthly membership fee.
Briefly describe the tactics and strategies the organizations should use to minimize foreign exchange exposure. What financial institutions were established and for what purpose? Did the agreement work? How are national currencies controlled today?
Studies have concluded that a college degree is a very good investment. Suppose that a college graduate earns about 78% more money per hour than a high- school graduate. If the lifetime earnings of a high-school graduate average $1200,000, what is th..
Describe an environment in which permit trading can contribute to economic efficiency. How do permits make such a contribution Why in a traditional model are permits and Pigouvian taxes considered equivalent in implementation? Give a reason that in p..
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