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John's MRS for reading books with watching movies is three movies per book regardless of the amounts consumed. Would he rather read two books and watch no movies, or read no books and watch two movies? What is the formula for his family of indifference curves? What do these curves look like? In this example, are movies and books perfect substitutes, perfect complements, or neither?
Use both offer curves and a two by two payoff matrix, estimate the optimal foreign economic policy of a hegemon.
find the following article imf sees uae gdp growth slowing to 2.3 pct in 20121.summarize the articles with your own
Quantity of pizzas demanded soared he following week from 1 pie an hour to 100 pies an hour. Illustrate what was the price elasticity of demand for Domino's pizza.
Draw a few indifference curves of a consumer whose preferences are not convex, and explain why the indifference curves violate convexity. Indicate the direction of increasing preference
Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $5,000 in currency into the bank and that currency is added to reserves. What level of excess reserves does the bank..
You and a friend are in an Italian restaurant and the owner offers both of you an 8- slice pizza under the following conditions: each one of you must simultaneously announce how many slices you would like to have (i.e., each player i is belong {1,..
Describe some of the investments made on the basis of cheap oil that complicates the transition away from a hydrocarbon based society.
a friend of yours is considering two cell phone service providers. provider a charges 120 per month for the service
What does it mean for a production process to exhibit "decreasing returns to scale" If a production process exhibits diminishing marginal returns to each of its inputs, will it necessarily also exhibit decreasing returns to scale
Which banking service provides easy access to money, monthly statements, easier bill payment,or more security than carrying cash.
Assume a monopolist faces the market demand function P=a-bQ. Its marginal cost is given by MC = c+ eQ. Suppose that a > c and 2b + e > O.
Suppose the marginal costs of reading are consatnt and the marginal benefits of reading decline(over time). Initially, the marginal benefits of reading are greater than the marginal costs. draw the marginal benefit curve and marginal cost cuve of ..
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