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Mitchell's income is $150, the price of X is $4, and the price of Y is $2. Given these prices and income, Mitchell buys 20 units of X and 35 units of Y. Call this combination of X and Y bundle J. At bundle J, Mitchell's MRS is 1. Given these prices and income, what is Mitchell's optimal consumption of X?
demonstrate the maximum amount of corn which can be grown using the existing production technology. For the next several troubles, ignore the vertical axis.
The size of the labor force in a community is 500, and 400 of these folks are gainfully employed. In this community, 100 people over the age of 16 do not have a job.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
This means that in the particular year the economy produced no capital goods at all." Do you agree. Why or why not? Explain: "Though net investment can be positive, negative, or zero, it is quite impossible for gross investment to be less than zer..
If nominal output is $5.28 trillion also the GDP deflator is 20 percent higher than what is the output in the base year other than real output.
q.assume you hire a furloughed wall street analyst to help you analyze your manufacturing process also she uses your
Illustrates what are the advantages of utilizing the funds in the construction process.
Explain and show graphically the effect on the supply and demand for Bonds in a deflationary period. What is the effect on interest rates and the quantity of bonds.
A practice would like to allocate their resources optimally between the orthopedic and rheumatology departments. The revenues per case generated by orthopedics and by rheumatology are $2,000 and $1,000, respectively.
A solar panel has an installed cost of $2900, and it reduces the homeowner’s energy bill by $29 per month. The residual value of the solar panel is negligible at the end of its 11-year life. What is the annual effective IRR of this investment?
Estimate the strength of your bargaining position for each option. Which of these would be the most advantageous.
How do we understand the state of the economy? What are the indications of the health of the economy? What is GDP? How do we measure GDP? What is the difference between Real GDP and Nominal GDP?
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