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1. To increase marginal utility, you should decrease consumption (everything else held constant). This statement is correct, even though it sounds strange. Describe why.
2. Presume that the marginal utility of good A is 4 times the marginal utility of good B, however the price of good A is only 2 times the price of good B. Is this point customer equilibrium? If not, what will occur?
3. What is the purpose of the two fields of study behavioural economics and neuro economics? Why might people tend to be overconfident?
The firm produced 800 units per day, it total cost will be $300, and it it produced 500 units per day, it total cost will be $275.what are the firm's ATC per unit at these three levels of production.
Stock registers an unexpected price decrease, Evaluate the value of your delta-hedged portfolio.
what is a consumption function? describe the graph of a consumption function and explain its shape. if total spending
Does the increase in the current price increase or decrease the asset’s average expected rate of return? At what price would the asset have a zero average expected rate of return?
How does the minimum wage law present a trade-off between economic efficiency and social equity?
Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs.
1 an asset is to be used in a project that will last 5 years. the macrs property class for this asset is 3 years. if b
Determine what type of monetary policy has the Federal Reserve been using for the last year easy or expansionary, tight or contractionary, or neutral or non-involvement)?
a. Profits earned by Ford Motor Company in 2012 on automobile production in Ireland
How many units of phosphorus will these two firms emit if the phosphorus emissions are left unregulated? What is the socially optimal level of phosphorus emissions in the river?
write a three to four 3-4 page paper that addresses the questions below.debate whether or not economics apply to health
youre part of a group of economic consultants supporting the government of sweden. sweden wants to liberalize trade in
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