Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Alice's utility is given by, x as well as y are goods as well as l is the amount of hours that Alice works. Alice can only spend what she earns by working at her job that pays her $10 per hour as well as by spending her interest income from her trust fund, m > 0.
a. Assume the costs of x as well as y is $12 as well as $48 respectively. What is Alice's budget constraint?
b. Assume m = $240. How much of each good does Alice buy as well as how many hours does she work?
c. Assume m = $1200. How much of each good does Alice buy as well as how much does she work?
d. Assume again that m = $240, but now Assume she makes $20/hr. Does Alice work more or less? Does this seem realistic? Assume m = $240, but she makes $100,000/hr. Does Alice work more or less? Does this seem realistic?
Give a detailed explanation about how the engineer's income generation as described above affects GDP and GNP of U.S.
Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.
What is the deadweight loss in both markets if the price of a crate of fresh oranges is raised.
Consider that, in this case, we 1st add (marginal) costs, not quantities, since these are the costs associated with each t-shirt.
How do the GDP per capita change after accounting for price indices. Why is it important to use price index adjustments.
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
Calculate the new cost earned by sellers, the cost paid by clients, as well as the equilibrium quantity sold in the market.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd