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Suppose the marginal utility of good A is 20 and its price is $4, and the marginal utility of good B is 50 and its price is $5. The individual to whom this information applies is spending $20 on each good. Is he or she maximizing satisfaction? If not, what should the individual do to increase total satisfaction? On the basis of this information, can you pick an optimum combination? Why or why not?
Explain, illustrating with graphs as necessary-be sure that the shape of your supply and demand curves make economic sense.
Which of the following is the most valid expression of a theory of underconsumption as a cause of business cycles? a. capital goods production encroaches on consumer goods production b. income equals production, but not all income is used for current..
A set of SQL Statements that returns all rows and all data for each table in your database. Two SQL Statements that return a subset of columns and a subset of rows using the WHERE clause.
If the two spoke, could they find some terms of trade that would make it at least one better off without making the other worse off? How?
A woman made 10 annual end-of-year purchases of $1000 worth of common stock. The stock paid no dividends. Then for 4 years she held the stock. At the end of the 4 years she sold all the stock for $28,000.
A couple with an 8 year-old daughter have thus come to you for financial advice. They would like to save for their daughter's college expenses in advance. Assuming that she enters college 10 years from the present, they estimate that an amount of ..
1. nbsp nbsp briefly define the following termsa.nbspnbspnbsp output gapb.nbspnbspnbsp federal funds ratec.nbspnbspnbsp
Consider the challenge of supplying all the merchandise to a bigbox store such as Target, or some other challenge in supply and demand you have encountered.
Based on the saving and investment relationship in the closed economy, explain how an increase in government pushes (G) can affect growth in output per worker. We assume that the taxes that the government collects remain unchanged.
An individual has to choose between investment A and investment B. The individual estimates that income and probability of the income from each investment are given in the following table (a) Using Excel's statistical tools, calculate the standard..
Most customer oppose these laws because they find Sunday afternoon a good time to shop, however retail trade associations support these laws.
many important economic theories develop as a result of particular economic crises facing societies. can you locate
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