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Suppose a consumer derives satisfaction from consuming tacos: those from Taco Bell and those from Chipoltle.
a. Graph the budget line of the consumer under the assumption that he is offered a buy three, get one free deal at Taco Bell (limit one free taco).
b. On separate graph, show the same deal if offered by Chipoltle.
c. On a third graph, show the consumer’s budget line of both Taco Bell and Chipoltle are simultaneously offering this deal.
Illustrate what are the major factors that have affected U.S. household consumption since the recession in 2001.
The import tariffs that President Bush placed on imported steel likely had what effect?
Fair cross Farms harvests its crops four times annually and receives payment for its crop 90 days after it is picked and shipped. However, planting, irrigating, and harvesting must be done on a nearly continual schedule.
Elucidate how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
Honda uses flexible plants in manufacturing of its cars. Discuss where this method of production results in optimum output.
When a perfectly competitive firm (that sells its good for $18 per unit) hires 1 unit of factor X it produces 35 units of output and when it hires 2 units of factor X it produces 55 units of output. Marginal revenue product of the second unit of fact..
Assume the size of the expenditure multiplier is ?G = 2. What is the effect of an increase in government purchases by ?G = 200 on income and the interest rate? By how much will private investment be crowded out as a result of this increase in governm..
Supply curves are usually assumed to slope upward because
Discuss how increasing your human capital may influence your ability to accept change, and readiness to learn new skills and get new jobs. Please apply the effects of human capital and technological changes as explained in the textbook when sharing y..
A business is generating $1000 a month for the next 5 years at a nominal interest rate of 12% compounded monthly. How much cash should one pay for it?
A dissenting opinion in this case argued that Jerry Schuster did carry on his father's business and should be liable for obligations of the continued business. Does that strike you as reasonable? Shouldn't a warranty be valid so long as the business ..
Illustrate and reinforce your answer with any theories from international trade and FDI theories.
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