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Q1. How would you graph an Edge worth Box for two consumers with the same utility of U=x+y? Also, how would you do the same if one individual's utility is U=xy, and the other is U=x+y?
Q2. Describe the industry and explain the general pattern of change of the particular market model.
Q3. What did Thomas Sergeant mean by his statement "inflation is always and everywhere a fiscal phenomenon?" Please thoroughly explain.
The actual labor costs is 1/4 more than the budgeted labor costs, and the actual profit is 1/6 less than the budgeted profit. So, under management by exception, which costs deserve further explanation?
q.consider a race between 2 candidates. whoever spends the most money in their campaign wins the election and gets a
Comput the following with an explanation how you arrived at each result. The Amount Consumers will spend on new consumption.
Elucidate how asymmetric information about a hidden action or a hidden action or a hidden characteristic can lead to moral hazard or adverse selection.
Given your answer above, what is the Habsi's opportunity cost per acre. Illustrate what is the total economic cost per acre for your answer.
q.suppose the market demand for apples is given by qd 1600-100p and there are two firms operating in it each with a
for each of the following describe some of the potential opportunity costsa. studying for your economics testb.
Illustrate what did he know about costing to the chain store representative was overlooking. Be sure to describe or chart the shape of Morita's costing.
To make your work easier to grade, please make Julie the row player, Kristin the column player also Larissa the page player.
Illustrate what will be real interest rate that clears goods market at G = 2000 and Y = 10,000. Conclude autonomous investment and marginal propensity to invest.
Elucidate the underlying experiment of interest when we want to examine the effects of cigarette smoking on workdays lost.
A small town in rural lowa has one large factory that employs the workers in the town.Major League Baseball is an example of what labor market model?
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