Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Seignior Cruz is married to a rich widow also lives a life of luxury also leisure! He devotes 40 hours every week to golf (G) also curling (C) from which he derives enjoyment according to the utility function:
U(G,C) = G0.5C0.5
It takes Seignior Cruz 4 hours to play a round of golf also 1 hour to play a game of curling.
(a) Elucidate how many rounds of golf also games of curling will Seignior Cruz play in a week?
(b) Give an economic interpretation for the value of the Lagrangian Multiplier.
(c) By approximately Elucidate how much will Seignior Cruz's utility change if, starting immediately, his wife insists that he spends one hour less on athletic activities every week? (We are making the bold assumption here that playing golf or curling is athletic!)
Then do similar for every of the determinants of supply in Equation 2.2. In every instance, would equilibrium market price increase or decrease.
Illustrate what should the prod level if fixed costs rose to $50000 per month Explicate.
The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
What is the expected profit of simultaneously pursuing both programs.
Suppose the MPC is an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion.
Assuming that the marginal product of labor is constant between 10 also 11 workers also the marginal product of capital is constant between 3 also 4 machines.
What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.
Who were the stakeholders primary also secondary most affected by Google's original decision to self-censor in China.
Select the most serious disadvantage of globalization (in your opinion) and make at least one recommendation
Can this model explain the fact that unilateral divorce law increased the divorce rate temporarily.
If you were a manager at PepsiCo, would you try to convince your colleagues that introducing the new soft drink is the most profitable strategy.
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd