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Toby is indifferent between the bundles (9, 3) and (5, 5). When Toby is at (9, 3), he would be willing to give up one unit of y if he were to receive two units of x. If Toby is at (5, 5), he would be willing to give up four units of x if he were to receive two units of y. Give two possible utility functions for Toby for goods x and y. Hint: draw a graph.
How would social class differences influence product lines and styles, advertising media selection, and the copy and communication style used in ads and payment methods.
Bill borrowed $10,000 to be repaid in quarterly instalments over the next 7 years. The interest rate he is being charged is 11.76% per year compounded quarterly. What is his quarterly payment?
In a Keynesian framework, using an AD/AS diagram, which of the following government policy choices offer a possible solution to a recession? Which offer a possible solution to inflation?
Suppose that we are testing whether five population means are equal to each other. We would normally use ANOVA for that, but suppose that we carry out separate hypothesis tests in which we compare the five means to each other, two at a time. Using a ..
Elucidate the likely impact of this event on the market for gasoline and the market for small cars.
Evaluate the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitability.
Suppose that the U.S. government determines that cigarette smoking creates social costs not reflected in the current market price and equilibrium quantity of cigarettes. A study has recommended that
In order to attract more customers on Mondays ( a slow day), Alex's pizza shop decided to reduce the price of their pizza rolls from $3.50 to $2.50. As a result, Monday sales increased from 70 to 130. Also, Alex's sales of soft drinks rose from 40 to..
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for Hours and spend A dollars advertising, your benefit (the amount you receive when you sell your car) is B(H,A)=220H-H^2+2A. What is your b..
Draw and show the change in the PPF when an outbreak of avian flu sickens millions of agricultural and industrial workers.
If the marginal propensity to consume were 0.9, how large would each of the following need to be in order to restore full-employment equilibrium?
Some airline executives have called for "re-reregulation." Why might an executive of an airline prefer to operate in a regulated environment?
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