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Wanda Littlemore's utility function is U(x, y) = x + 46y - 2y^2. Her income is $135. If the price of x is $1 and the price of y is $18, how many units of good x will Wanda demand? Please show me how the answer is arrived at?
The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.
thomas malthus argued that capitalism was unstable due to booms and busts in the economy and so he wanted to see more
Find the quantity of toothpaste that maximizes economic surplus. What is the relationship between this quantity and the market equilibrium quantity?
In many developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater eductional oppotunities for young women could lead to faster economic growth in these countries
Analyze the roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita, and how governments can contribute, or discourage long run growth through their policie..
1.product meansa all the services needed with a physical good.b a physical good with all its related services.c the
Suppose that the demand for federal funds curve is such that the quantity of funds demanded changes by $160 billion for each 1 percent change in the federal funds interest rate. Also, assume that the current federal funds rate is at the 3 perce..
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..
1. explain how a firm in pure competition determines how much to produce and how long run equilibrium is affected by
write a three to four 3-4 page paper in which you 1. discuss the current economic situation in the u.s. as compared to
explain the viewpoints of classical and keynesian economists. how did the economy that existed at the time of these
How many units can Sony expect to sell in a month?Using the information given above, calculate the own price elasticity? Given your calculations, should Sony increase or reduce the price to maximize revenues
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