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Suppose there are two types of shirts available to Carl: red shirts and black shirts Carl is always willing to exchange three black shirts for one red shirt.
a. What type of preferences is mike exhibiting?
b. Draw several indifference curves to illustrate Carl's preferences.
c. What is Carl's MRS?
d. Are Carl's preferences monotonic? How do you know?
e. Are Carl's preferences convex, strictly convex, or not convex? Explain/show how you know.
q. the st. louis federal reserve bank provides data on both real gdp chained 1996 dollars and real gdp for the united
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Illustrate what would be the cost saving of this change
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How does capital investment affect the marginal physical product of labor? Does more college education have the same kind of effect? Which is a better investment?
The internal rate of return on an investment refers to the interest rate earned from the income of an investment. The meaning of Internal Rate of Return is best stated as a measure of the interest rate that makes the incomes and the expenses equivale..
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The unemployment rate is an example of a Federal Reserve
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Suppose firms become very optimistic about future business conditions and invest heavily in new capital equipment. Show the short-run effect of this optimism on the aggregate-demand curve. Which of the following reasons could explain why the aggregat..
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