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Mary's indifference map and budget constraint for goods x and y are shown below. If Mary spends all her money on x and y which bundle will she choose to maximize her utility?
suppose that for a particular economy and period investment was equal to 100 government expenditure was equal to 75 net
Illustrate what is the best measure of economic well being of individuals in society.
q.a monopolist operates in two markets. one market is the domestic market described by the demand function qd100-pd
Identify one policy that is aimed at youth unemployment in the united states. Describe the specific social problem that the policy is aimed to address. What is the current situation and how did this problem evolve (did it become worse / better)? (2 p..
The following graph shows the daily market for wine when the tax on sellers set at $0 per bottle. Suppose the government institutes a tax of $5.80 per bottle, to be paid by the seller. (Hint: To see the impact of the tax, enter the value of the tax ..
Explain General Medical makes disposable syringes for hospitals and doctor supply companies. The company uses cost plus pricing and currently charges 150% of average variable costs.
If homeowners purchased a $250,000 home with a zero-down, interest-only mortgage, and the value of the home subsequently fell to $200,000, in order to sell the house and move to another city, the homeowners would be required at closing to pay (in add..
Describe the difference between Economic contraction and Economic expansion
During the second semester of 2009 and the first semester of 2010 the GDP growth rate became positive. However, percentage changes in the GDP growth rate were not matched by half percentage point decreases in the unemployment rate during that period...
Providing handouts to the audience before a presentation is not advisable because
Describe the social and economic repercussion of the following inventions: the typewriter, the jet airplane, television, penicillin. Which do you think is greater in each case - the social or the economic impact?
Select a market for a product or service, then identify at least one critical determinant of demand or supply in that selected market and forecast a reasonable future change in the determinant. Explain the changes in equilibrium price and quantity yo..
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