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Assume that Ravi's marginal utility is 60 utils for the last glass of wine he consumed. If the price of a glass of wine is $4, what is Ravi's marginal utility per dollar worth of wine? What is his marginal utility per dollar worth if the price were $6 per glass of wine? If the price were $2?
Assume that this is a pass/fail assignment, where the passing grade is low enough that one person can produce a passing paper.
A university registrar who uses her experience with university admissions along with your high school grades, application essays, letters of recommendation.
which good should the government impose the tax if it needs to maximize government revenue
Based on your knowledge of strategy formation, how do the economic concepts in this course affect strategic planning?
A recent industry report concluded that the global demand for the good X is expected to increase. Based on the demand projections given in the report Colaba, a firm that produces and sells X, is contemplating hiring more labor to increase production.
If you get this classmate as your partner on a series of projects throughout the year, rather than only once, Explain how might that change the outcome you predicted in part (b).
The following data pertain to products A and B, both of which are purchased by Madame X. Initially, the prices of the products and quantities consumed are: Madame X has $100 to spend per time period. After a reduction in price of B, the prices and qu..
A number of developing countries have accumulated a considerable volume of external debt. In this question, we examine the impact on the terms of trade of the developing countries that would result from repaying part of this debt. What is the effect ..
rises over longer periods. Another research paper verifies these results, but shows how the liquidity effect has diminished over time.
Select a social problem where free markets are not allowed to function and describe why? Please do not describe illegal drugs, environmental issues or black market human organ sales?
Assume the full- unemployment rate is 5% . What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment ? What did the Fed actually do? Explain in detail
Graph the budget constraints facing each of the three families and discuss a possible indifference curve which could correspond to the choice each family makes.
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