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Suppose John has an income of $120 per period and faces prices Px=2 and Pz=3. His goal is to maximize his utility, described by the function U = 10x^0.5 * Z^0.5. Calculate the utility maximizing bundle (X*,Z*) using the Langrangian method. Derive the result and show all your work.
If the Federal Reserve wants to keep aggregate demand (i.e. spending growth) stable, what will it do to the growth rate of money supply when a lot of good news comes out about the economy increase it, decrease it, or leave it unchanged? Explain your ..
Are unions good or bad for economy. How do unions at GM and Ford affect employment levels and wages How do unions affect or industries in terms of employment and wage levels.
prepare a table that compares and contrasts the various characteristics of the 4 market structures to include in your paper. column headings include
If the intended aim of the price ceiling set in the graph shown was a net increase in the well being of consumers, then positive analysis would conclude:
Another student advocates the forced break-up of large firms, such as Microsoft and AT&T, on the grounds that they have a lot of monopoly power, which they use to charge inefficiently high prices. According to Schumpeter, would breaking apart these g..
All of the directors of the XYZ Corporation were present at a meeting called on a Monday evening at 9 p.m. In response, the directors argue that: (1) no illegal activity had occurred; (2) if an illegal activity did occur, it was not at a valid meetin..
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
Mrs. Siegal has two alternative activities to help relieve her backache. In the first, she can visit a physiotherapist. The total time for a physiotherapist visit, including travel and waiting, is two hours. Mrs. Siegal earns a wage of $20 an hour. I..
What type of market structure was the product or service in when the differentiation occurred? What is the differentiation? Describe specifically what the differentiation was and tell us what that means for rational business price and production deci..
Given the number of successful prosecutions being brought, whether she will reform the Welfare of Animals Act 2011
Academic researchers usually develop more complex also eworkerate models than applied researchers.
Why annual worth can solve the problem between two alternative directly even they have different years while the present worth and future worth, you must unify the useful life between two alternative method?
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