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Design a new human sensation and/or perception that is likely to contribute to improved awareness or survival. Let's see if everyone can come up with their own unique idea. Let's also take precognition (seeing the future) and any form of telepathy or mind-reading off the table as possibilities, since those would create other philosophical/psychological problems that may actually impair our human experience more than enhance it.
Demand-pull inflation occurs when:
At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.
Suppose a caffeine-deprived man needs to wake up. Suppose his preferences on a day can be described by U=3*coffee+2*tea. If the price of coffee is $4 and the price of tea is $1. He has $12 to spend on these drinks on a day. Show his budget constraint..
A local restaurateur who had been running a profitable business for many years recently purchased a three-way liquor license. This license gives the owner the right to sell beer, wine, and spirits in her restaurant. The cost of obtaining the three-wa..
Suppose that a monopolistically competitive restaurant is currently serving 250 meals per day (the output where MR = MC). At that output level, ATC per meal is $10 and consumers are willing to pay $13 per meal.
Which of the following would result in a short-run increase in the wage rate in a com- petitive labor market?
Protectionist measures are enacted because they:
Illustrate what are the different types of inflation. Elucidate why is it important to know which type of inflation we may be experiencing.
Suppose that when the price of X goes up, you respond by consuming less Y . Illustrate the substitution and income effects of an increase in the price of X. How does your graph illustrate the information in italics above? Is Y a normal good or an inf..
Bank modernization legislation changed what financial institutions are able to do on an individual basis. Much of their traditional role has remained unchanged, just transformed by their expanded services. Explain the traditional roles of financial i..
The mission must comprise APA format references on the final slide and in-text references on the slide where information is presented.
q.marys fence post factory faces a perfectly elastic demand curve for fence posts at a price of 39 per post. let q
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