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John's MRS for reading books with watching movies is three movies per book regardless of the amounts consumed. Would he rather read two books and watch no movies, or read no books and watch two movies? What is the formula for his family of indifference curves? What do these curves look like? In this example, are movies and books perfect substitutes, perfect complements, or neither?
What do we call an environment where transactions between private parties are free from state intervention colbert. precursor to invisible hand?
summarize an article using at least three economic terms and theories covered in class. identify the impact of the
What is each orchard's labor demand as a function of the daily wage W? What is the market's labor demand? Ectenia has 200 workers who supply their labor inelastically. Solve for the wage W. How many workers does each orchard hire? How much profit ..
An introduction to the company and its industry, analyzing its background, industry, and structure. (For this, you can draw from the work you did for the second Unit 2 assignment.)
The US economy borrowed heavily from the British in the nineteenth century to build a railroad system. What was the principal debt instrument used? Why did this make both countries better off?
If money demand for speculative purpose is$ 5000 and money demanded for transaction motive is $ 40 000. if money demanded for speculative purpose increases by $ 5000, what is the new total demand for money using Keynesian Theory of Money Demand.
Some econmic historians have noted that during the period of gold standard, when the value of the US dollar was tied to the value of gold, gold discoveries were most likely to occur after a long delationary period (The discoveries of 1896 are an exam..
As per increases in population and income growth that expanded demand for housing, the price of existing houses barely increased. Why. Illustrate answer with supply and demand curves.
The spirit of equating marginal cost with marginal revenue is not held by perfectly competitive firms oligopolistic firms or else.
nbspread the article fdi into africa on the up from ernst and young and discuss on the following questions by writing 1
T = 1,200 (taxes - non-income) What is the multiplier associated with each policy program (i.e. the multiplier AFTER the program is implemented - just the number please)? Which policy program promotes economic stability
Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate and which contract should the player accept, based on the concept of present valu..
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