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Carmela's utility function for consuming clothing and food is U(F,C) = 5CF^3+10. The price of food is $1.00 and the price of clothing is $5.00. A) what is the marginal rate of substitution between food and clothing? B) What is the optimal bundle Carmela can achieve while spending $60? C) For Carmela, is clothing a normal or inferior good?
If the Federal Reserve had maintained a constant money supply in the face of this change, what would have happened to the interest rate.
PL is the price of unskilled labor in dollars (the wage rate = $6), PC is the price of capital as a percentage, I is family ncome also PS is the price of California oranges.
Illustrate what is the value of gross private domestic investment. Illustrate what is the value of net investment.
What do you think Indonesia's best interests were served by limiting Cemex's FDI in the country.
Both antritrust policy and industrial regulation deal with monopoly. Illustrate what distinguishes the two approaches. how does government decide to use one form of remedy rather than the other.
If the college charges all students the same tuition, illustrate what tuition can it charge to cover all of its costs.
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
Please explain each effect of the three effects also explain the downward slope of the aggregate demand-aggregate supply model: Real-balances effect, interest-rate effect, and foreign-purchases effect.
How big would that budget have to be before he would spend a dollar buying a first cup of coffee.
The unemployment rate in an economy is 6%. The total population of the economy is 290 million, and the size of the civilian labor force in 150 million. Illustrate the number of unemployed workers in this economy.
He projects that his costs also revenue will be similar this year if he continues farming. Illustrate what is Bowen's accounting profit from farming an additional year.
Illustrate what is the loss minimization output level for the firm. what is the Average profit or loss for the firm. what is the Total profit or loss for the firm.
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