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Suppose that people derive utility from two goods---housing (H) and all other consumption goods(C).
a. Show a typical consumer's allocation of his or her income between H and C
b. Suppose that the government decides that the level of housing shown in part a(say, H*) is "substandard" and requires that all people buy H**>H* instead. Show that these las would reduce this person’s utility.
Critically evaluate and explain: in monopolistically competitive industries, economic profits are competed away in the long run; hence, there is no valid reason to criticize the performance and efficiency of such industries.
what assumptions are necessary for a market to be perfectly competitive? in long-run equilibrium all firms in the
q.analysis the demand for housing is often described as highly cyclical and very sensitive to housing prices and
Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.
Illustrate what are the major factors that have affected U.S. household consumption since the recession in 2001.
An engineer decides to set aside money in a 529 Plan for his newborn's college education. He estimates that the child's needs will be $48,000 on her 18th, 19th, 20th, and 21st birthdays. If he plans to make uniform deposits starting 3 years from now ..
Compute the incremental profit Electron Control would earn by customizing its instruments and marketing directly to end users.
Trade liberalization leads to a "race to the bottom" in environmental standards. Make the argument and counter-argument, present the following data;
Estimate and explain how the electrical monopolist would determine its profit-maximizing price and output level.
q1. how do expectations of a near-term policy reversal weaken fiscal policy based on changes in tax rates?q2. why are
Research where you would find the U.S. international trade policies and their history as they apply to various industries.
Conduct a comparative DuPont analysis of two companies. Using a search engine, find one large corporation included in the S&P 500. Then, find one of its largest competitors.
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