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Cary has the following utility function: U(X,Y)=10x^2y where X is her consumption of Blu-ray disks with a price of $40 and Y is her consumption of DVDS with a price of $10. She has $900 with which to spend on the two goods. Determine the number of Blu-ray disks and DVDs that will maximize Cary's utility. Cary maximizes utility when she consumes ___ Blu-ray disks and ___ DVDs?
By mid-2009, U.S. investment expenditure had fallen to $1.5 trillion and the real interest rate had risen to 4.5% per year. What caused the collapse of investment and the rise in the real interest rate?
Does economic growth necessarily involve a parallel outward shift of the production possibilities frontier?
Identify a cultural practice that is considered acceptable in one country but is not acceptable in another. What are some cultural considerations that affect the resulting ethical perspectives in differing cultures?
q.1. briefly discuss the impact of rational self-interest on each of the following decisionsa. whether to attend
Discuss the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level
Coupled with $160 annual tax rebate per household. Will the household be better or worse off under the new program.
Assume that the nation of spain is ''small'' and unable to influence the brazilian world price of steel.Spain's supply and demand schedules are illustrated in table 6.11 .Assuma that Brazil's price is $400 per tons of steel.Using graph paper,plot the..
What government policies are available to reduce domestic demand in the medium run. Identify which components of domestic demand each of these policies affect.
Construction-based business of your choice and explain stakeholder theory to illustrate the primary interests of the stakeholder groups and identify any areas of potential conflict between the stakeholder groups.
What is the marginal rate of technical substitution of labor for capital at any point along an isoquant?
Describe the point at which diminishing returns occur. Indicate the points that delineate the three stages of production.
Elucidate how much of the tax is borne by consumers also Elucidate how much by producers. Illustrate what is the new CS also PS.
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