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Bob consumes only apples and bananas. He always prefers more apples to fewer, but he gets tired of bananas. If he consumes fewer than 29 bananas per week, he thinks that 1 banana is a perfect substitute for 1 apple. But you would have to pay him 1 apple for each banana beyond 29 that he consumes. His indifference curve that contains the consumption bundle with 30 apples and 39 bananas also contains the bundle with 21 bananas and how many apples?
Find the short run industry supply curve (or equation). Find the short run: price, industry output, firm output, and firm profit. What are the long run price(s) and quantity (ies)? Suppose the industry as in E above becomes a monopoly. Find the long ..
The U.S. money supply (M1) at the beginning of 2000 was $1,148 billion broken down as follows: $523 billion in currency, $8 billion in traveller’s checks, and $616 billion in checking deposits. Suppose the Fed decide to reduce the money supply by inc..
The Board of Governors of the Federal Reserve System:
In which directions are they pushing or pulling the U.S. economy? Also, do you think the gap between real GDP and potential GDP will widen or narrow?
You are the manager of a firm that receives revenues of $60,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1, and the cross-price elasticity of demand between product Y and X is 1..
Explain how is world currency valued against the US dollar such as Euro and Chinese.
Find the following equivalent amounts if the interest rate is 8% compounded annually.
Consider the model of team production in which total incomearrow-10x10.png is four times the total amount of effort supplied. there are two individuals on the team and each individuals on the team and each individual i has the utility function u dete..
You are considering buying a new house, and have found that a $200,000, 30-year fixed-rate mortgage is available with an interest rate of 6 percent. This mortgage requires 360 monthly payments of approximately $1,179 each. If the interest rate rises ..
Suppose the real interest rate on a risk-free (T-bill) is 4% and the expected inflation rate is 1.5 %. There are two bonds (A and B). The nominal interest rate on bond A is 7% and the nominal interest on bond B is 10%. Bond A matures in 10 years and ..
q.country economic analysis report country for indiacollect the following data for the most recent year available1
The titles of long creative works, such as complete books, should be indicated by being______________.
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