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suppose that a consumer's preference between the good x and y are represented by the utility function u(x,y)= x+y. If these two goods have the same price, describe the optimal consumption choices of this consumer.
Suppose a pizza parlor is interested in increasing total revenue by adjusting its price. Should it raise prices or lower prices? Explain giving concrete examples.
a doctoral student has just completed a study for her dissertation and found the following demand and supply
What did pre-Keynesian believe about the market and its ability to pull itself out of a recession 9. What role do investments in human capital, physical capital, technology development, and improving institutional quality play in creating economic..
Explain how Ricardian Equivalence works and explain how to get the quantity theory from the equation of exchange
Can you think of some activities that are currently regulated or provided by governments that are natural monopolies, Why might postal delivery (local distribution, but not sorting) be an appropriate candidate?
Assignment: Research two periods in history, one where the United States experienced an increase in inflation and the other an increase in unemployment. Write a paper discussing the causes and outcomes. Use the aggregate demand and supply mo..
identify a recent purchase of an important capital item by an organization with which you are familiar. what factors
Ethical Dilemma: How would you describe Wal Mart's impact on local economies and communities, and how far should "corporate social responsibility apply?
Analyse a range of current economic issues and problems and develop and communicate economic arguments in a variety of forms.
Which of the following appears as a positive item on the balance of payments account for the United States? If the United States wants to regain ownership of domestic assets sold to foreigners, it will have to increase domestic consumption.
Determine what happens in the new equilibrium. Does the individual buy more or less of OG. Does the individual buy more or less of HC. Explain why.
a firm currently uses 50000 workers to produce 200000 units of output per day. the daily wage per worker is 80 and the
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