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Max has the utility function U(x, y) = x(y + 1). The price of x is $2 and the price of y is $1. Max’s Income is $11. How much x does Max demand? How much y? If his income doubles and prices stay unchanged, will Max’s demand for both goods double?
Find the optimal crude oil allocation for the following example if the profit associated with square foot of fiber is cut to $0.375,
q.assume an industry is composed of the following eight firms.company market sharefirm a 30 percent firm b 25 percent
You are manager of Bonnie=s Unknown Lexicon Lists, Silly Hat Incorporation Tapestry Company. A company dedicated to making tapestry and upholstery fabric. Determine profit maximizing quantity of upholstery.
Describe what happens to investment, private savings, public savings, and national savings. Compare the size of the changes in the latter to the $20billion of extra government savings.
Consider the following project balances for a typical investment project with the service life of four years: Determine the interest rate used in computing the project balances. Construct the original cash flows of the project. Would this project be ..
q1. in terms of currency denomination describe how proctor amp gamble prices its revenue and costs. consider any two of
q. suppose that the total stock s0 of a nonrenewable resource is 15 units. the quantity demanded of the resource in
The tragedy of the commons is an economics theory by Garrett Hardin, according to which individuals, acting independently and rationally according to each one's self-interest, behave contrary to the whole group's long-term best interests by depleting..
Explain the entities affected by social regulation. My question is Illustrate what do they mean by the word "entities"?
Assume that the production function is given by Y = AK0.5L0.5, where Y is GDP, K is capital stock, and L is labor. The parameter A is equal to 10. Assume also that capital is 100, labor is 400, and both capital and labor are paid for their marginal p..
If the stock price rises, the price of a call option on the stock ________ and that of a put option _________ . (Why?)
Illustrate what is the equilibrium price. If supply at every price is reduced by five gallons, what will the new equilibrium price be.
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