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Brian is taking three courses this semester: economics, statistics, and finance. He has decided to spend 19 hours per week studying in addition to attending all his classes and his objective is to maximize his average grade, which means maximizing the total of his grades in the three courses. The table shows Brian’s estimate of the relation between time spend studying and his grade for each course. It is assumed that Brian will spend at least 4 hours per week studying each of the three courses.
You have just won a lottery! You will receive $50,000 a year beginning one year from now for twenty years. If your required rate of return is 10 percent,
Consider the Bertrand model with no product differentiated in which each firm has a positive and fixed sunk cost F and zero marginal cost. What are the equilibrium prices and profits? Illustrate your result on a proper diagram.
Explain how does the distinction among nominal and real interest rates add uncertainty to the effect of monetary policy on the economy.
If the price of a good decreases, the substitution effect shows the increase in the quantity of the good demanded, holding income constant.
Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?
Elucidate which economic concepts, sure as comparative advantage, apply to your firm. Explain how these economic concepts can be used to address the firms's problem and opportunities.
Suppose the demand curve for a product is given by Q = 300-2P+4I where 'I' is average income measured in thousands of dollars. The supply curve is Q = 3P - 50.
In the early 1990's, a study found that moderate daily consumption of red wine reduced the incidence of heart disease in labratory rats. As a result of national press coverage of the report, the demand for red wine increased dramatically. Assume t..
To increase marketplace share, Giuseppe would like to raise sales to 750 every week. Elucidate price should Giuseppe set.
Illustrate why would you be reluctant to advise that your country increases its money supply.
Are there any current subsidy or welfare issues?
At what price will she buy four visits? Eight visits? What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?
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