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Alex has a utility function U=3 sqrtXY The price of good X is $1, the price of good Y is $2, and her income is $100. Her quantity demanded for good X is ___ Her quantity demanded for good y is___
The cost of desalinating seawater using conventional technology in the Persian Gulf is high (around 0.1£ per cubic meter) and requires extensive amounts of oil. Some time ago scientists suggested that it could well prove both practically feasible and..
Assume that the consumer has $10 to spend on A and B; that is, x + y = 10. What is best way to allocate the expenditure of the $10? What is the marginal utility per dollar in the optimal allocation?
A company selling widgets advertises through three types of media: print, television and internet. Recently the company has decided to increase its advertising budget by $100,000. In order to determine where the additional money should be spent, the ..
Decide whether the demand for paint is elastic, unitary elastic or inelastic. Explain you're reasoning also interpret your results.
Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers.
Using the data front Calculating growth Rates
Describe how each of these activities affects government, households,and businesses. Describe the flow of resources from one entity to another for each activity.
State two economic principles of taxation and which principle best justifies the excise tax on gasoline, when the tax revenue is used to maintain or improve the roads.
The market interest rate increases to 10%. IN the afternoon at what price would your bond sell in the secondary market.
Illustrate and explain the changing demand for Big Mac using indifference curve and budget line.
The concept of generational imbalance is designed to:
For a profit maximizing monopolist, _____. In contrast, for a profit maximizing perfectly competitive firm, _________.
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