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Nancy is consuming her optimal consumption bundle of burritos and margaritas. The marginal utility of her last burrito was 75 utils, and each burrito costs $3. Her marginal utility of her last margarita was 100 utils. What is the price of a margarita? What would be the change in price of Margarita (if any) if Nancy derives 25 utils more satisfaction from the last burrito?
What do you see as the basic values that underlie this approach to solving the access to care problem? Do these values align with specific political perspectives?
Define the factor that estimate the slope of the LM curve and whether an increase in theses factor will make the curve flatter or steeper.
1. in a market system well-defined property rights are important because theyreduce unnecessary investment. limit
the u.s. has experienced large and growing current account deficits for more than 20 years whereas japan has
The government dislikes smoking, and likes tax revenue. If they wanted to increase the after-tax price to $10 per pack, what size of excise tax must be placed on sellers? How much revenue will it raise? What will be the Deadweight Loss?
suppose that there are two products clothing and soda. both brazil and the united states produce each product. brazil
When thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illuminate this con..
1. budget constraint.antonio buys 8 new college textbooks during his first year at school at a cost of 50 each. assume
The existence of only three big U.S. auto manufacturers is evidence that the market structure is anti-competitive and that antitrust laws are being broken. Measure this assertion.
For this week, we are continuing our discussion on GDP and economic growth. We will realize that most of government spending goes towards welfare such as social security. However, it is a common belief that social security benefits
sometimes a bidder on a work contract may bid lower than what would maximize hisher profit from the contract and the
questionplease note that this question requires substantial research. a summary from the text book is not sufficient.
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