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1. Chipo has the following utility function of 2 goods Pies (X) and fanta (Y): U= log X + log Y. (a) show that the consumer maximizes utility subject to the budget constraint. (b) derive the demand functions of good X and good Y.
2. You are given the individual demand curves for food for 2 households. These are household A and household B. The demand for household A for food is given by equation: Qa= 1430 - 55p The demand for food for household B is given by the equation: Qb= 1470 - 70p Where Qa= demand for food in kg by household A Qb= demand for food in kg by household B Calculate the market demand for food
Explain how one of the components of the GDP would help you to predict the amount of inventory to keep in stock if you were the owner of a retail store and were placing a merchandise order for the next few months.
According to Gerald Baker, columnist for London Financial Times, November 23, 1999, "In the US, banks are, by whichever measure chosen, in unusually good shape for this stage of an expansion.
Describe supply and demand, major reason(s) for the price increases and fluctuations, and international factors, if applicable. You should use at least four references.
Determine what managers can do to prepare for the possible change in short-run production. Pick a real or fictitious business. Create a scenario around this business in which a manager would decide to either stop operations in the short-run or goin..
You are the manager of specific location sales for a national company that provides, among other things, cable television service.
Article may originate from the internet however please provide the link to the particular article you are reviewing.
Mary's Fence Post Factory faces a perfectly elastic demand curve for fence posts at a price of $39 per post. Let Q represent the number of fence posts that Mary makes. Mary's total cost and marginal cost curves for making fence posts are: TC = 4,0..
Assume that the initially equilibrium was 200 units and that this was also full employment level of income. Suppose that the consumption is C = 25 + 0.8YD,
Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.
Illustrate what is the short-run equilibrium real GDP and price level. Does Japan have an inflationary gap or a recessionary gap and what is its magnitude.
Examine whether the raise would have a huge impact on hours worked. you have the resultsof studies conducted for three other companies.
What would the government surplus/deficit be, what would the trade balance be and what changes would occur if G were increased to $941?
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