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Q. Explain all given below:
1) Before economic growth, there were too few goods, after growth, there is too little time.
2) It is irrational for an individual to take the time to be completely rational in economic decision making.
3) Telling Satnt what you want for Christmas makes sense in terms of utility maximization.
Conclude whether there is an arbitrage opportunity in the option market, using the put-call parity.
Explain how much does consumption change this year in absolute dollars as a result of a $5,000 annual tax cut to your income, if the tax cut.
Elucidate how free market features could be introduced to help improve the problem. As your answer also include a discussion of the risks of introducing market mechanisms.
Illustrate what is the cost of producing 10 units in the short run? First conclude how much labor is needed.
Utilize these new diagrams to Elucidate the long-run which will take place in this industry.
Elucidate how does N the number of firms in the market, affect each firms Demand curve. Explain why.
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
Explain how specifically can GDP be adjusted to better measure well-being.
The world becomes a single market, some new approach must be developed to control the reach of the corporate oligopolies.
An upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing.
Does consumer surplus increase due to this price ceiling. Does social welfare increase as a result of the price ceiling.
demonstrate the maximum amount of corn which can be grown using the existing production technology. For the next several troubles, ignore the vertical axis.
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