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Consider the following utility function: U(X,Y) = max(X, 3Y)
(a) draw the indifferent curve for this utility function.(b) find the Marshalian funtions for X and Y and the corresponding indirect utility function.
GDP growth is approximately 1.5 percent and has been at that level for two years. Inflation, as measured by both the CPI and GDP deflator has been at approximately 1-2 percent for the last two years.
Illustrate what happens to the dollar price of the dinar. Does the dinar appreciate or depreciate relative to the dollar.
Explain how would you classify the product in terms of it's income elasticity.
Illustrtae what is the difference among cost-push and demand-pull inflation.
Provide an economic profile of the Airline industry. Include an industry profile, Industry size data and current developments and trends within the industry.
Compute the own price elasticity of demand at a price of $4. What is the inverse demand curve for the radio station
Examine the characteristics that make any transaction possible and justify the importance of each of characteristics.
Compare the advantages as well as disadvantages of fee for service payments and a DRG-based payment system
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
Determine when does the idea of opportunity cost indicate? think how the production of one good affects the possible production level of other goods.
Provide an update on the economy-where is unemployment, what is the outlook for the deficit, what are the overall predictions for 2010 - 2012?
Prepare a memo to the managing director that explains the different vehicles available that can be used for each of the Minimize income tax
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