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Q1. Ellie and Vince is a married couple, Explain how would you expect each of the following events to affect the amount they save each month?
Q2. John has 40 gallons of gasoline (G) and 20 bags of sugar (S). For that market basket, John's MRSSG is 3G/1S. Maria has 40G and 50S. For that market container Maria's MRSSG is 1G/1S. Use a numerical example to elucidate how a trade can benefit both of them. Illustrate the trade by using an Edge worth box diagram. Explain that how both consumers can reach higher indifference curves.
Based on the revised (1997) merger guidelines, would the Antitrust Division likely challenge a proposed merger between.
Derive Chenyu's consumption function in terms of her annual income Y and initial wealth W according to the life-cycle model.
What is the function, as well as what are the main ingredients as well as connections within the policy planning network doing off describes.
Suppose a politician promises a program that will give Amanda and Britney 70 units of utility for each.
What is the deadweight loss if buyers, instead of vendors, are required to pay the tax of $4 for each unit of the good sold.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
Calculation of the unemployment rate and part time workers who would prefer to work full time.
Explain the Miami plant which is closed or continue to operate at a loss in short run.
If fixed costs increase to $1200, what will happen to equilibrium price and quantity.
The manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months
If Michael is spending all of his money on these 2 snacks which he purchase more chips also less ice cream as well as purchase less chips.
Illustrate that there are any extra costs or benefits due to this shift.
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