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Hugo views donuts and coffee as perfect complements: He always eats one donut with a cup of coffee and will not eat a donut without coffee or drink coffee without a donut. Derive and plot Hugo's Engel curve for donuts. How much does his weekly budget have to rise for Hugo to buy one more donut per week?
Using calculus, show that not all goods can be inferior.
Suppose Alex's utility function for tops (x) and candy (z) is: U(x,z)= x¾ z¼ . Suppose this year she has income of 1,000 to spend on these two goods. The price of a unit of x is $25 and the price of a unit of z is $5. Her marginal utility of x is ..
Figure 11.63 illustrates a cascade of two identical CS stages. Neglecting channel-length modulation and other capacitances, construct the Bode plot of |Vout/Vin|. Note that |Vout/Vin|. = (VX /Vin) (Vout/VX).
Your country has decided to protect temporarily a major industry that is declining in the face of international competition. The options are to use quotas or tariffs on imports Discuss the relative merits of using quotas or tariffs.
What is the Nash equilibrium in this game?
calculate the Sen poverty measure. Explain the values obtained for the two distributions.
What are HTML document tags, and how are they used?
suppose that the employer concession SCHEDULE IS W=1+0.02S and the union resistance curve is W=5+0.02s-0.01S2, where=percentge wage increase and S=expected strike length in days, Using Hick's simplest model, determine the length of the strike and ..
How do overall agricultural systems differ among these regions? What are the common characteristics?
he company is proposing to build a $10-million power plant to burn its waste as fuel, thereby saving $2.8 million a year in coal purchases. Company engineers have determined that the waste-burning plant will be environmentally sound.
Application of simple linear regression analysis to the estimation of demand equation has yielded the following: Q = 24 - 2P. If the current product price is P=$6 and the quantity sold per time period is Q=10, then what is the error (e) for the cu..
Show that for an odd number of voters and a given preference profile over a fixed number of alternatives, an alternative is a Condorcet winner if and only if it emerges as the social choice in sequential pairwise voting with a fixed agenda, no mat..
Model the effects of a quota on sugar in both the sugar and corn sweetener markets.
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