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Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which does he prefer: (explain your answer?)
a. Pecans or walnuts?
b. Macadamia nuts or cashews?
What do economists mean when they say markets are mutually interdependent? Give an example to support your explanation
Calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.
Suppose that you own a 25 year old movie theatre in Micropolis. It has 6 screens and a concession stand. Across town there is a 7 year old movie theatre with 4 IMAX screens and 20 more regular screens. For each of the characteristics listed below, ev..
consider that two countries brazil and argentina have the same rates of investment population growth and depreciation.
Hollow just paid a dividend of $1.68.They expect dividends to grow at 10% for the next 3 years. After year 3, the growth rate will fall to the industry average of 3%.If the required return is 8%, find the current price.
the demand for electricity and the concept that nuclear is cleaner than coal and who the special interest groups are that's involved
County is considering using a piece of park land for one of two alternative recreation projects. Project A would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
Woody's utility function is U(C, R)= C- (12-R)^2, where C is his consumption and R is the amount of leisure he has per day. He has 16 hours a day to divide between work and leisure. He has an income of 20$ a day from non-labour sources. If Woody can ..
Decreasing returns to scale imply that. When average cost is falling, marginal cost is ____________ and when average cost is rising, marginal cost is _________________. If the price of an input changes, there will be a new expansion path. As long a..
Does the aggregate demand-aggregate supply model support Bernanke's thesis.
What are the factors determining the nominal interest rates. The real risk-free interest rate is determined in the loanable funds market by supply and demand for real loanable funds. What 4 changes (?) would shift the supply of real loanable funds..
Compute real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro.
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