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Cole has $27 that he plans to spend purchasing 5 units of good X (priced at $3 per unit) and 6 units of good Y (priced at $2 per unit). The marginal utility of the fifth unit of X is 30, and the marginal utility of the sixth unit of Y is 30. If Cole is a utility maximizer, he should
a. buy more of X and less of Y.
b. not buy anything.
c. buy X and Y in the quantities indicated.
d. buy less of X and more of Y.
e. from the information given, it is impossible to determine whether or not Cole should increase or decrease his consumption of X and Y.
Your boss has chosen you to give a presentation to a number of foreign officials regarding the United States Federal Reserve System.
How can the issue, perspective, concept or model enhance and enrich understanding of International Economics.
q1. labor is a resource that is necessary to produce many goods. if the price of labor falls says the economist the
Discuss the conditions that will help the union achieve the objective. Why might a union be unable to meet its goal?
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
q. assume labor supply is given by w102ls where w denotes the wage. labor demand is given by w 100-ld.a compute
During the same time, total annual movie admissions have barely changed. What cost factors can explain this trend? In addition, what demand factors might be also be relevant?
q.an economy is described by the following equationsc1800 0.6 y-tip900g1500nx100t1500 y9000a. find a numerical
Amy Jane, a new manager at C & D Grooming, has been asked to focus on the competitive environment of the organization. Illustrate which of these factors is among those Amy Jane should focus on.
Derive and plot Hugo"s Engel curve for donuts. Explain how much does his weekly budget have to rise for Hugo to buy one more donut per week.
Illustrate what is the expected annual demand also the total revenue corresponding to your recommended price
Explicate 2 important indicators the Federal Reserve System will use to analyze this particular economic situation.
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