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On November 1, 2015, a particular book about fantastic beasts (and where to find them) was being sold by Amazon.com for $107.60. At the same time, this book could be purchase dat the Amazon.uk website for the sterling equivalent of $43.92. (As a note, this is exactly the same book being sold in both markets.) Explain in detail what is going on in this market
Which of the non negativity constraints on x1; x2 will bind for small m? c. Derive for the Marshallian demand functions and the indirect utility function. d. Derive the expenditure function for utility level u.
Elucidate what are the effects of monetary policies on the economy's production and employment.
If the demand elasticity for a product is -2, and a profit-maximizing company sells the product for $10, determine its marginal cost?
The initial price of cup of coffee is $1.00 and at that price, 400 cups are demanded. If the price falls to .90, the quanity demanded will increase to 500.
Explain the causes of recent recession and when it started and when it technically ended. Finally why the recent recession was called the worst recession after the great depression.
problem 1.the elasticity of demand for home computers is -2.5 the elasticity of demand for business computers is -.90
you have $250 000 in and ira (individual retirement account) at the time you retire. you have the option of investing this money in two funds. fund A pays 2.5% annually and fund B pays 7.5% annually. how should you divide your money between fund A..
Suppose that in some two-player game, s1 is a rationalizable strategy for player 1. If s2 is a best response to s1, is s2 a rationalizable strategy for player 2? Explain Suppose that in some two-player game, s1 is a rationalizable strategy for pla..
the 2009 world development report provides the following information for colombia and thailand. explain carefully what
How is MRP computed - Using the data presented, in the short run, how many workers would you recommend Sullivan's hire per day to maximize profits - how many workers would you recommend Sullivan's hire per day to maximize profits?
The budget deficit projections in this chapter include net interest on the debt, which depends on interest rates. Use the loanable funds model to explain what is likely to happen to interest rates and interest payments if the size of the deficit cont..
Consider the question of whether the United States should adopt a gold standard, remain in the current float-based system, or use some other system. Consider the impossible trinity mentioned above and carefully define all terms and concepts t..
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