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Marilou and Hunter both purchase milk and doughnuts at the same Quik Mart. They have different tastes for milk and doughnuts and different incomes. They both buy some milk and some doughnuts, but they buy considerably different quantities of the two goods. Can we conclude that their marginal rate of substitution between milk and doughnuts is the same? Draw a graph showing their budget constraints and indifference curves and explain.
Write a one-page (maximum) critique of the Human Development Index. [Note: A critique applies critical thinking to an issue; it allows one to point out strengths as well as weaknesses
Did government intervention help or harm the economy before and after the panic of 2008? Would you have done anything differently?
Draw the indifference curve - Whats the value of the slope of the indifference curve?
Fiscal and monetary policy and the negative impact policy can have on the equilibrium of prices. Then, identify ways that a free market society can avoid the negative impact and maintain both production and price.
Delta Electronic Services is an electrical utility firm serving parts of several states. It is planning replacing some of its machine at generating substations and it trying to decide whether it should replace an older,
In the absence of a price floor, how much consumer surplus is created, how much producer surplus and what is the total surplus - How much producer surplus is created now?
If all wages and prices increased by 20% would you be better or worse off. Could you purchase more goods? Do you prefer inflation and high employment or lower prices Deflation and higher unemployment?
What is the equilibrium to the quantity subgame when k = 8? Explain why the first mover will not install a capacity less than 6 or greater than 12.
Assume total benefits and total costs are given through B(Y) = 100Y-8Y(squared) and C(Y)=10Y(squared). Determine the maximum level of net benefits?
When an employee is being terminated, what are the appropriate steps to follow? Should the news come from a letter/email or person to person?
write the estimated demand function (with only P as the independent variable), inverse demand function, and marginal revenue (MR) function.
8. Julia's publisher sends her a $15,000 check every year that her book is in print. Suppose Julia's book is in print for five years and the inflation rate during that period is (-2) percent.
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