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Bridget has a limited income and consumers only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget's utility, while the last pound of cheese added 40 units.
a. Is Bridget making the utility-maximizing choice? Why or Why not?
b. If not, what should she do instead? Why?
If summer's supposition is correct, then we should expect for wealthier countries to have cleaner environments other things equal.
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Ytilizing a single diagram of the saloon's demand curve and its cost curves, show the price and the quantity combinations favored by each of the the three partners.
Summarize in words the predictions and limitations of the theoretical framework developed for the first exam: that is the predictions for the effect of capital accumulation.
Show the equilibrium effects on consumption and hours worked of and increase in G of this type are ambiguous but that output increases.
Discuss how government intervention to address a market failure might worsen the situation. Provide an example of where government intervention does work and why that is so.
Distinguish among microeconomics also macroeconomics also identify some relevant topics to each
Illustrate wwhat is the effect on the market for one hour of babysitting services in Middling today.
Consider a small country that exports steel. Assume that a "pro-trade" government deicdes to subsidize the export of steel by paying
You are the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees. What raised in the joint session of the subcommittees.
Using the concept of price elasticity explain why the price of basic commodities has to be regulated in price rise.
Calculate the forward premium on the British pound for the Dutch investor where exchange rates are in euros per pound. Is it positive or negative? why do investors require this premium/discount in equilibrium.
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