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Alex has a utility function U=3 sqrtXY The price of good X is $1, the price of good Y is $2, and her income is $100. Her quantity demanded for good X is ___ Her quantity demanded for good y is___
demand formula is given as p150-3q and we only have 40 tickets to sell and that the mc0 and we suppose to figured out
Demand curve is d1, what will be the change in her revenue. If her demand curve is d2 what will be the change in her revenue.
Assume that you work for a nation-wide firm that has multiple store per state. When addressing major issues such as determining the factors that contribute to store profitability over time using company "big data" what is the preferred regression met..
q1. assume the unit cost for pogo sticks is 40 in north pogo as well as 8 in south pogo while the current exchange rate
A firm has the production function y = x1 + min{x1, x2}.
Demand: P=50-QD and Supply: P= 25+QS The government decides to impose a price floor of $40. Illustrate graphically the different economics effects of such intervention in this market. Calculate and compute the deadweight loss generated by the governm..
If the US federal income tax deductions for mortgage interest and state and local property taxes are eliminated (with no other change in federal tax laws), many taxpayers will have to pay more tax. Describe how the tax increases would be distributed ..
More than one million people travel by car from the suburbs to downtown Chicago each weekday. The commute using interstate highways (i.e. expressways and tollways) averages 90 minutes one way. Using side streets, the same commute takes only 60 minute..
Using production possibility frontiers, illustrate the effects of a) an increase in total resources; b) an improvement in the technology for producing one of the goods under consideration; c) a simultaneous improvement in the technologies for produci..
The campaign is very successful, and the company increases its share of the compact-car market substantially. What is Ford likely to do?
How many units of labor should be employed? b. How many units of capital should be employed? c. What would be the total cost of production?
Briefly discuss what measuring inequality involves, and provide two examples for doing so. measuring income inequality means dividing up the population into various groups and then comparing the groups.
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