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Q1. Explain what does the axiom of strict convexity of involve about preferences? Also clarify in words as well as write down the relevant preference relationships.
Q2. Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people. Calculate the unemployment rate, in percent. Show your work
Q3. If the reserve requirement before the shift was 10% and the Fed adjusted the reserve requirement to cause the shift, which of the following is a possible new value of the reserve requirement?
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
Research where you would find the U.S. international trade policies and their history as they apply to various industries.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Explain how the circular flow diagram relates to the current economic situation.
The US government could not pass its annual budget. As a result, the US government has partially shut-down: roughly about 800000 federal employees of non-essential services are out of work
Prepare a recommendation for each company. Should your recommendations be the same for both companies
Do you believe that profit (or shareholders wealth) maximization still represents the best overall economic objective for today's corporations.
Hero Nakamura is CEO of the Cola King Bottling Company a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
Find the mean and standard deviation of team payroll for the 14 American League and the 16 national League teams.
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