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When does the marginal rate of substitution (MRS) in an indifference curve equal the ratio of marginal utilities in marginal-utility analysis?
In 1982 to 1984 the base period used for the customer price index, the average earnings of construction workers were $442.74 a week.
What is the relationship between the change in price and total expenditures for an elastic demand curve?
based on the criteria used by the bureau of labor statistics bls identify each persons status as employed unemployed
1. why might the homo sapiens production possibilities curve have shifted outward to the right much more rapidly than
After natural disasters, such as hurricanes, some commentators point to 'bright-side'. It is, for example, often pointed out that natural disasters reason GDP for a region to spike upward during the post disaster cleanup.
Suppose you tested svereral Firestone tires also recorded their failure times. Decided taht failures are normally distributed.
Suppose you borrow $100 of principal that must be repaid at the end of two years, along with interest of 5 percent a year. If the annual in flation rate turns out to be 10 percent, (a) What is the real rate of interest on the loan?
1. Why does not a political equilibrium lead to efficiency in the way that equilibrium in private goods markets does 2. Why is a voter in the "middle of the pack" likely to be satisfied with the outcome of political decisions
Determine how much of the Social Security benefits must be include in income for a single individual who had $20,000 in dividend income and $5,000 in interest from tax-exempt bonds in addition to receiving $10,000 in Social Security benefits.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
Given that an individual has paid the initial minimum charge, do you expect her to consume less than the amount to which the minimum charge entitles her? To answer this question properly, you need to superimpose some indifference curves on the sam..
Could a nation's production possibilities curve shift outward? Describe what such a shift would mean, and discuss at least two events that might reasone such a shift to occur.
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