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Draw indifference curves to represent following types of customer preferences.
1) Marie likes milk, but neither likes nor dislikes coffee.
2) Marie likes coffee with milk but she always wants 1 cup of coffee with half a cup of milk.
3) Marie likes milk and coffee and always gets same additional satisfaction from 1 cup of coffee as she gets from 2 cups of milk.
On Valentines Day, the prices of flowers and chocolate are usually high compared to other times. How do the principles of demand and supply describe the reasoning behind such price increases?
1. consider the model of corruption explored by shleifer and vishnirsquos where there is one government-produced good
In each of the following cases, either a recessionary orinflationary gap exists. Assume that the aggregate supply curve ishorizontal so that the change in real GDP arising from a shift ofthe aggregate demand curve equals the size
What is the value added at each stage? Calculate GDP using the „value-added" approach.
consider an economy in which taxes planned investments government spending on goods and serves and net exports are
Two pollution sources are located in the same town, immediately next to each other. For every quantity of abatement, marginal costs of abatement for the first source are higher than marginal costs of abatement for the second source.
Desscribe some of the trade-offs faced
the san diego llc is considering a three-year project project a involving an initial investment of 80 million and the
Presume that the representative consumer’s preferences change, in that his/her marginal rate of substitution of leisure for consumption increases for any quantities of leisure and consumption. Describe what this change in preferences means in more in..
Suppose changes in bank regulations expand the availability of credit cards so that people need to hold less cash.a. How does this event affect the demand for money?
List and briefly describe the three primary tools the Fed has to control the money supply and how all three can specifically be used to either increase or decrease the money supply
What does the DMP model predict would be the effects of labor unions?
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