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Prove that every weighted average of three numbers x1 < x2 < x3 (with strictly positive weights) is less than x3. Do this by giving letter labels to possible weights for these numbers and comparing the weighted average of x1, x2, x3 to x3. Prove that every weighted average of three numbers x1 < x2 < x3 (with strictly positive weights) is less than x3. Do this by giving letter labels to possible weights for these numbers and comparing the weighted average of x1, x2, x3 to x3.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.
Illustrate what are the factors which involve the provide also demand of which good or service. How do you expect the demand also provide of which good or service to change in the next yr.
What is the expected cost of producing the 1000th unit if the cost of producing the first was $850 and the expected learning rate is 90%?
Illustrate what effect does the current supply and currently demand have on this product.
Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce? What will be the deadweight loss created by this monopoly?
Why are trade negotiations usually mercantilist, ie, why does country A agree to reduce its trade barriers in exchange for country B also agreeing to lower trade barriers, when economic theory says that both A and B benefit
Why considering that it snows only once every ten years where Joe lives, Joe's expectations are almost always perfectly accurate." Are Joe's expectations rational.
Why does the assumption of independence of risks matter in the examples of insurance.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
q1. assume you are part of a research team evaluating a proposal to clean up a dangerous squander site. you are in
What is the relationship between the multiplier and the marginal propensities? Explain.
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