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Suppose an individual’s utility is expressed as U=x^(1/2)y^(1/2)and their constraint is represented by the following: 2x+3y=B=100.
What level of x and y should the individual consume to maximize utility? What is utility at the optimal level of consumption?
What is the shadow price of relaxing the constraint 2x+3y 100 that is, having B=101 rather than B=100?
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 a. Solve for the goods market equilibrium and state the equation for the AD and IScu..
Thus, the second investment was $120, the third investment $140, and so on. If she continues series of investment 20 years, what will be the value of the investments at the end of that time?stock? d. None of the chemicals are in stock?
What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded?
a draw the supply and demand for apartments. assume in this market all apartments are identical so there is only one
Given the experience of the last several years, Elucidate how has the valuation of dot.com changed.
Prices the selling monopoly charges for TV sets in periods 1 and 2.
In this forum we discuss the different arguments that are made in favor of international trade protectionism and the important role of the politics of protectionism.
Read the instructions in the University of Phoenix Material: Differentiating Between Market Structures located on the student website and select one option to complete the assignment.
Who would pursue the first objective (maximizing revenues). Explain how could Ralph Lauren s managers provide an incentive for profit-maximizing behavior.
if you human director at casino, what should you have done prior to firing steward to be sure you had all of your bases covered.
q1. in which of the following cases should the united states produce more noodles than it wants for its own use and
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