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General Equilibrium 2
The utility for consumer 1 and 2 are: Ul(x], x7) = A[(x] )P + (27)P]1/P U2(202, 27) = B[(x2)+ (23) 671/6
a. Characterize the Pareto efficient allocation and contract curve.
b. Characterize the competitive equilibrium if W1 = (2,0) and W2 = (0,6).
All 500 consumers in a market have identical demand for a product that is described by individual demand curves P=40-2q. A monopolist produces the product and has a cost function of TC(Q)=10000+8Q. What is the monopolist's maximum profit if it uses a..
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A bank manager advises all of his loan officers that the average cost of funds for the bank over the past year
q1. what are the impacts of demand? what happens to the demand curve when each of these determinants changes?
The loan bears an interest rate of 7% in contrast to a market rate of 10%. The loan principal must be paid back in 8 years.
What are some issues that commonly arise in that given phase, and how are they best addressed?
The various estates in land described by the author of your text in Chapter 3 arose mostly out of the struggle between the English Crown’s need for revenue and the efforts of the holders of the land to avoid taxes. Are these estates useful in this da..
A financial? institution's net worth is the market value of what it has lent minus the market value of what it has borrowed. If a financial? institution's net worth is? positive, the institution must be solvent and liquid. A financial institution can..
Draw a supply and demand diagram to show what happens to price, quantity, consumer surplus (CS), and producer surplus (PS) in the market for computers.
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