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1. Delores has a different price consumption curve associated with each possible income level. If two of these curves intersect, are Delores' preferences rational?
2. Explain how the indifference curve and budget line aparatus are used to derive a consumers demand curve. For a demand curve, certain things are held constat. What are thay, and how does this approach hold them constant?
explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to societys total output. why does the productivity standard typically fail to yield an equal distribution of income
What is the difference between elastic and inelastic demand. Please be precise. If a restaurant increases its price of coffee from $ 1.00 to $ 1.20 and quantity demanded falls from 100 cups to 80 cups. How can I compute the price elasticity of dema..
In the summer of 1997, Congress and president agreed on budget package to balance the federal budget. The contract," signed into law by President Clinton in August as the Taxpayer Relief Act of 1997,
suppose there are two consumers a and bthe utility functions of each consumer are given byuaxyxyubxyminxythe initial
suppose a new discovery in computer manufacturing has just made computer production cheaper. also the popularity and
kaiser.s almon plant can produce k tons of aluminumyear. a ton of aluminum requires e megawatt hours of electricity.
What are the necessary conditions for positive equilibrium prices and quantities? (b) What is the economic interpretation of the parameter "f"? (c) What will be effect (increase or decrease) of an increase in exogenous income on P*, the equilibrium p..
explain the purpose of freight classification? explain the differences between the rate and a rating. how do they
building upon the annotated bibliography and literature review this section of the term paper will link the proposed
In a separate group discussion board, present two arguments. The first should argue in favor of the proposed merger, from the perspective of the firms. The second agrues against the proposed merger from the perspective of the broader public intere..
you are the chief economic advisor of the president of dreamland. right now the country has unemployment of 7.7 . the
some economists believe that supply determines what happens to demand while others believe demand determines what
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