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Let's suppose Carl loves hamburgers and slices of pizza, but he insists on eating exactly 2 hamburgers for every slice of pizza he eats.
What does this tell you about the shape of Carl's indifference curves?If the hamburgers are on the y axis and slices of pizza ar on the x-axis what is carl's marginal rate of substitution (MRS)?
If I want to know the relationship between Oil consumption(C), production(P) and reserves(R). Can regress C on P and R, then regress P on C and R, and then regress R on C and P? Why or why not?
1. What does GDP measure? 2. What does GDP tell us?
Find out the most recent data for Bolivia that can be used to compute its new human development index (NHDI). Make a table to table to record data/values of different components of NHDI of Bolivia and the year of the data. Use your data to compute NH..
Analyzes methods used to appropriately manage teams and groups within organizations.
Provide a specific example of a country's currency that Coca Cola does business in and how it effects their total sales revenue reported in U.S. dollars.
Briefly explain what inflation targeting is and list the five (5) main elements related to it. Then discuss the four (4) advantages and three (3) disadvantages of this type of monetary policy strategy.
He wishes to accumulate $30,000 in a savings account in 5 years. If he wishes to make a single deposit today and the bank pays 0.2% compounded annually on deposits of this size, how much should he deposit in the account
Ms. Lee's utility function is U(Y) = (100 + Y) 0.5, where 100 is her initial income level and Y is additional income gained or lost from a gamble.
It is no secret that China has a large trade surplus with the United States. Our open and large markets are very attractive to manufacturers all across the globe. Is it in the long run interest of the United States to maintain such trade deficits? Is..
Economic game theory problem: please help me. (Cournot Competition with Differentiated Products) Two firms, A and B, are in Cournot (quantity) competition making differentiated products. Each firm has zero fixed cost and a marginal cost of $10.
What is the probability of correctly guessing all 6 values with just one ticket?
Billie Joe loves Krispy Kreme donuts and coffee. Billie Joe likes to eat 3 donuts (D) for each cup of coffee (C) he drinks. His utility function is: U = min(0.333D, C). he price of each donut is $0.60 and the price of coffee is $2.20. Given Billie Jo..
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