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A no production economy has 2 consumers (A and B) who each consume two different goods (x and y). Person A is endowed with (120,270) and has a utility function Ua(Xa,Ya)=X^(2/3)Y^(1/3) . Person B is endowed with (480,180) and has a utility function Ub(Xb,Yb)=X^(1/3)Y^(2/3).
Show that the Pareto Efficient point is not the competitive equilibrium from the initial allocation.
How should BP have handled an external environmental analysis and what environmental changes and trends (opportunities and threats) might the firm have discovered? Analyze BP using five forces of competition model to determine the industry’s current ..
In theory with flexible exchange rates should allow countries to conduct ________ monetary and fiscal policies, exchange rates, but paradoxically the experience of the relatively flexible exchange rates of the 1970's suggests that such policies cause..
Wilson is offered a job in Kansas City that pays $50,000 and a job in Dallas that pays $60,000. Which pair of CPIs would ensure that the two salaries have the same purchasing power?
What happens to the population size in the long run? Does the Iron Law of Wages (where Malthus asserted that technological change would not improve human living standards) hold in this case? Why or why not?
How did political revolutions in the Atlantic Ocean basin affect or alter the institution of slavery and the lives of slaves? What were the long-term consequences of revolutionary ideologies for peoples of color?
Price ceiling is the law that sets a maximum price below the equilibrium market price, but a price floor is the law that sets a maximum price above the market equilibrium price.
Risk versus Return is an old adage on Wall Street. If higher expected returns are a “good” and greater risk of loss is a “bad,” what does a typical investor’s risk-return indifference map look like? If you were to ask Investor A if she would be willi..
q.a firm is considering two business projects. project a will return a loss of 45 if conditions are poor a profit of 35
Illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born today.
Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
Is there evidence that a party realignment is occurring in the United States? What is the organizational structure of political parties? What are some of the functions of parties in the electoral arena? How do both the electoral system and federalism..
Currently the U.S. national debt is over $17 Trillion. Many people feel the high level of the national debt is a very bad thing and it should be paid off. a. List and explain 3 advantages and 3 disadvantages of eliminating the national debt?
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