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Assume an economy where both agents see the goods as perfect compliments at a ratio of one to one. What do the indifference curves look like? Assume an equal supply of each good. Show via an edge worth box, the Contract Curve. Assume the endowment is split evenly between both George and Harriet (and 2 units of each good overall). Find the equilibrium quantities. What is the set of possible equilibrium prices? Now assume that George has an additional unit of good 1. So there is an extra amount of good1 in the overall economy. Repeat the analysis.
You appoint an intern from Southern University to help you examine your production process, and she uses your historical cost records to estimate that your total cost function is C(Q) = 100 + 2Q + 3Q2.
The total relevant cost of holding inventory in a plant for purchased materials is given, TRC = (6000/Q)(60) PLUS 0.30(12)(Q/2) PLUS 6000(12) WHERE Q IS THE ECONOMIC ORDER QUANTITY.
question 1. apple stock ticker aapl is currently at 415share while google stock ticker goog is currently at 835share.
calculate the following elasticity coefficient. interpret the coefficient fully. nextnbsp graph this price and quantity
based on many years of experience a lecturer in econ241 has determined that the probability distribution function of x
suppose the chairman and chief executive officer of general motors has decided to a raise the companys auto prices by
a successful supply chain strategy includes good design and implementation. however supply chain strategy is not
A typical university football event need alumni to join one of many booster club before the person can buy season tickets.
Derive the firm's supply curve, expressing quantity as a function of price. Derive the market supply curve if the company is one of 200 competitors. Compute market supply per week at a market price of $25 per rack delivered and serviced.
explain why the optimal level of pollution is not zero. according to an epa study the health hazards of superfund sites
You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you continue to hold to the gold, rather than sell it is..
What about lowering interest rates and increasing money supply (i.e., monetary policy) If you were the chair economic advisor to the President of the United States, what would be your advice to him What does the Scripture have to say about money
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