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The following utility function represents the preferences of agent i over two goods x1 and x2:
ui(x1,x2) = 3√x1 + x2
a)Solve the optimal choice problem for agent i if p1 = p2 = 1; and I=15
b)How does this answer in part a change if income doubles?
Assume the population over age 16 is 160 million, number of discouraged employees is 10 ml, the labor force is 110 ml and the total employment is 90 ml.
As the research begins to come in about your expansion opportunities abroad, the marketing department has discovered that the price elasticity
Explain how many baseball jerseys will you sell in Los Angeles and how many in Brooklyn. What will be the price of your jersey in Los Angeles and what will be the price in Brooklyn.
As per fiscal policy makers increase the budget deficit, monetary policy makers should increase the money supply
Balance sheet: equipment = 500, inventories 100, receivables70, payables = 50, debt = 300
Where does e-garbage go? i.e. Unwanted and outdated computers, monitors, DVD, cell phones. etc.. What is the effective approach to control it? Pls explain in two paragraph.
This problem uses Okun's law to study how the unemployment and inflation rates change when there are demand shocks.
In order for you to be indifferent between the after tax returns on a corporate bond paying 8.5 percent and a tax-exempt municipal bond paying 6.12 percent,
Explain why this strategy may in fact, be rational Also, identify at least two other strategies that might permit Argyle to earn higher profits.
For each of the determinants of demands, identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinant of supply. In each instance.
Assume Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech company and exactly one year later sells those shares for $315,000.
The cost function for Lilac Ltd.is given by TC = 500 + Q^2. It sells output in a perfectly competitive market and other firms in the industry sell at a price of $100.
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