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!
1. Fewer potatoes are demanded when the price of rice has fallen from $ 0.25 to $0.10 cents per pound. The reason for the decline in the market demand for potatoes is because rice and potatoes are substitutes. When there is a decline in the price of rice, more rice will be demanded and fewer potatoes will be demanded. Since rice becomes relatively cheaper, people would prefer to buy more rice and so their demand for potatoes will decrease, as is the case in substitutes.
U(Y) = Log Y
Ms. Fogg has $10,000 to spend on the trip, if she spends all of it, then her utility will be U (10000) = Log (10000) = 4
2. The Molly Jock wants to buy a high definition television to watch the Olympic Greco roman wrestling competition in Beijing.
Molly jock's income = $20000, She knows where she can buy television she wants for $2000, She can buy the same television set at Crazy eddies for $1700 but is unsure, that is true, The gicen utility function is = Ln (Y) Where, Y is the income after purchase the television.
A farm operator has asked you to help him/her determine the quantity of water that should be applied to a crop under irrigation.
Lisa is a lawyer and there are two tasks that she hates to do, even though her job requires it. Draw a graph with hours reading on the horizontal axis and hours writing on the vertical.
You are a manager of a large but privately held online retailer that currently uses 17 unskilled workers and 6 semiskilled workers at its warehouse to box and ship the products it sells online.
Answer the following questions as these general questions pertain to the specific issue selected.The questions that you will cover with respect to your choice of broad social issue in the paper are given.
Suppose that you believe that the average rate of inflation over the next 20 years will be 3.5 percent. Would you by the nominal or the inflation-indexed bond?
You are a financial adviser to a U.S. corporation that expects to receive a payment of 40 million Japanese yen in 180 days for goods exported to Japan.
Illustrate graphically the impact in the short run and the long run of a Federal Reserve decision to increase open-market purchases.
Suppose you're an economic advisor in charge of trying to raise a maximum level of tax revenue for the government. You consider taxing the suppliers in the market for corn, a major agricultural product in the United States.
Explain how the distinction between expected and unexpected inflation is important to the distributional effects of inflation.
Consider the following two good pure exchange economy: Alfred's utility function is U A (x, y) = min{x, y} and Bob's utility function is U B (x, y) = max{x, y}.
Application of Nash Equilibrium and Game Theory with examples
Assume you own a home re-modelling company. You are currently earning short-run profits. The home re-modelling industry is an increasing-cost industry.
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