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Consumer spends all of her income? (Y) on two goods Z and B.
The price of good (PB?) is ?$8. The Marginal Rate of Transformation MRT is equal to −2. That is 2 units of good B can be traded for 1 unit of good Z.
This consumer is able to buy 22 units of good Z and 0 units of good B with? his/her income. What is this? consumer's level of? income?
The? consumer's income is $__ nothing (round your answer to the nearest penny)
Please decide whether each of the follow scenarios related to the loanable funds market will result in a shift in supply or a shift in demand. China decides to reduce its capital investment in the United States as it expects low returns do to a weak ..
1) Compare Australia and China growth rates over the period of last ten years (2005 - 2015) in about 300 words
Economists claim that there are several causes of economic inefficiency in medical care. List three basic causes and, for each, describe why it results in economic inefficiency and poor performance in medical markets.
What is the impact on the market for abdominal surgery usin this new technology?
Which US Constitutional Amendments pertain to federalism? What does the state of Texas state about marriage? What does the national government state about marriage? Who has the primary responsibility of dealing with education in our country (What lev..
Illustrates what the advantage of using capital in the production. Illustrate what is mean by the term division of labor.
Which of the following statements are true about deficits versus debt?
while average labor productivity increases at the same rate as it did during 1960-2009. Under this scenario, what would be the net change in real GDP per person between 2009 and 2058?
Engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of gasoline. They estimated that in mass production the car would cost $40,000 per unit to build. The engineers argued that Con..
Suppose, as we did in class, that consumers live for two periods and can either consume, save, or pay taxes with their income. Derive the lifetime budget constraint for the individual. What kinds of things can we say about the lifetime budget constra..
Assume Microsoft chooses to produce 80 million copies of the software per year and sells copies of the software to retailers at $199 per copy.
The Widget Company has estimated the following revenue possibilities for the year: Sales Probability 100 0.15 150 0.20 220 0.30 290 0.20 310 0.15. Find the expected revenue. Find the standard deviation. Find the coefficient of variation.
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