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You only buy apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write the equation for the budget line with bananas on the y-axis. Is that equation unique?
Illustrate now have to lend out how much does this bank if it decides to hold only required reserves.
its marginal costs are below total average costs. If it creates an additional watch where its average total costs rise -fall or stay the same.
The terms of trade if the united states trades 1 can of soda for 5 units of clothing.
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
Explain how does a firm determine its prices also the quantity of labor need in the resource market during a specific period. How does a firm determine its demand for capital funds during a specific period.
illustrate what kind of policy would you recommend to slow population growth.
Using a wholesale price of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Under the factors that government spending is cut, and taxes increase. how would you argue it positively.
Elucidate what does this imply about the use of monetary and fiscal policy over the business cycle.
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
both the short run and the long run assuming that the government takes no action in response to the oil price increase.
Consider a monopolist informal moneylender and competitive formal creditors who lend to farmers. illustrate what are the interest rates.
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