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Parikshit’s utility function is given by m+s1/2, where s denotes sushi (with price p in “normalized sushi-units”) and m denotes part of his income (in dollars) he does not spend on sushi. Find his demand function for sushi.
Construct a numerical example to show that the exclusion of municipal bond interest from income taxation is equivalent to a government subsidy of state and local capital spending. Assume you believe that income is a good proxy for ability to pay. Wha..
The so-called theory of general equilibrium (including the many variants) is a cornerstone of economic theory, occupying economists' minds since (at least) the 1800s
Recently, a bank was trying to decide what fee to charge for "expedited payments"—payments that the bank would transmit at a faster speed to enable customers to avoid late fees on cable TV bills, electric bills, and the like.
A consumer’s preferences are summarized by the utility function U = X2Y (then MUX = 2XY and MUY = X2 ). Assume that M = 120, PX = 4, PY = 2. a. What is this consumer optimal choice?
What are possible opportunity costs of opening Arctic lands to private extraction of as-yet unavailable resource endowments?
q.suppose that the world consists of only two countries a and b of relatively equal sizes. the world interest rate in
I think most of us would agree that e-business is a necessary function in today's business environment. What are your thoughts on a company having a totally separate e-business function?
Explain is a high degree of market concentration a boon or threat to consumers. What is the strongest argument on either side.
Social life can be interpreted from one of three major theoretical frameworks. Describe the major points of each framework. List at least one sociologist who has been identified with each framework.
Mary plans to attend college and to pay her own way. Mary's parents of course, want to help her out financially and are trying to decide how best to do it. They want to do whichever will please Mary the most. Using indifference curve analysis, help M..
In this discussion, you will compare and contrast monetary and fiscal policies. Consider two recent national crisis points: 9/11 and the banking failures of 2008. Was fiscal or monetary policy more immediately responsive to each crisis? Why? Was fisc..
Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept
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