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Jane has £500 a week to spend on food and clothing. The price of food is £10 and the price of clothing is £25. Which of the following pairs of food and clothing are in Jane's choice set?
a) 10 units of clothing and 25 units of food.
b) 20 units of clothing and 50 units of food.
c) 0 units of clothing and 500 units of food.
d) 50 units of clothing and 50 units of food.
Harvard, Yale and Princeton all charge relatively high tuition. Still each uses ACT and SAT score as admission criteria. Are charging a relatively high tuition and using standardized test scores inconsistent? Explain your answer
Assume the marketing environments of each country comprising but not limited to cultural, political, legal, and economic influences.
Health economists use demand and supply theory to discuss the "Health Insurance Exchange" created by the Affordable Care Act (Obamacare). Mandated by law everyone now must have health insurance.
In national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?
Discuss how the Foundations of Capitalism and the Planks of the Communist Manifesto are similar. Discuss how they differ. Discuss three ways in which your current life is different because of the economic system you have lived under
Question 1 What does GDP measure? Question 2 Which of the following applies to measurement of PPP GDP per capita in poor countries?
Compute the PV of Mr. Deco's payment using the equivalent real cash flow and real discount rate.
EconS425 - Homework 3 - What is the equation for the demand curve facing cereal makers and what is the symmetric equilibrium under free entry if the cereal makers costs
For the internet opportunity she anticipates costs for land labor and capitol of$ 3,250,000 per year as compared to revenues of $3,275,000 per year. Should she quit her current job to become an entrepreneur? If she does not quit her current job wh..
Why is the money multiplier in the United States smaller than the inverse of the required reserve ratio and explain why depositing cash into a checking account does not change the money supply.
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are:
Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted.
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