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a) Given a consumer's preferences are rational and well-behaved, how do I know the consumer's indifference curve must be downward sloping?
b) Assuming that a consumers preferences are rational and well-behaved, explain why indierence curves can't cross.
Give an example of Company that using Design Thinking for a research strategy, what is the result and the impact by using design thinking. pls give an image illustration.
A firm uses two inputs, X and Y and its production function is Q =root(xy), where here we are using x and y to represent the quantities of the two inputs. Calculate the first-order condition for the firm’s problem. What are the boundary points of thi..
Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal extraction cost = $2. r = 20%. The available supply is 20 units. Calculate the allocation of outputs across the two periods that maximizes the present valu..
A rise in the wages of workers in the beef industry will: Decrease the supply of beef, raising the equilibrium price and quantity of beef. Decrease the supply of beef, raising the equilibrium price, but lowering the equilibrium quantity of beef. Decr..
Tell how each of the following developments would affect the supply of money, the demand for money, and the interest rate.
After reading Porter’s article, “What is Strategy?”, and the background to Case #1, comment on how you believe the management team of St. Sebastian has done instilling a strategic management culture. In your summary inlcude: What have they done well?
Suppose the demand for labor market is given by L = 408−2w and the market supply is given by L = 10w. In a graph draw the supply and demand curves and find the equilibrium wage and amount of employment. Show the seller’s and consumer’s surplus. Calcu..
q1. assume which there is an increase in total factor productivity. in the search model of unemployment find out the
Explain how a recession can be understood using the concepts of leakages and injections. Explain what Keynes meant by the liquidity trap.
Compute the deadweight loss if the U.S. imposes a tariff of 25 cents per bottle of imported wine.
What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.
What is wealth distribution? Why it became a major concern for developed economies especially since 1990s? What is wrong with a society with moderate income inequality but severe wealth inequality? What kind of measures can be taken for reducing weal..
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