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Brian is taking three courses this semester: economics, statistics, and finance. He has decided to spend 19 hours per week studying in addition to attending all his classes and his objective is to maximize his average grade, which means maximizing the total of his grades in the three courses. The table shows Brian’s estimate of the relation between time spend studying and his grade for each course. It is assumed that Brian will spend at least 4 hours per week studying each of the three courses.
asume that Bob consumes goods x and y according to the following utility function, U (x,y) = 2x + 4xy + y compute Bob's marginal rate of substitution for good x and for good y. Is the MRS diminishing?
The Federal Reserve's publishes the H.3 Statistical Release-Aggregate Reserves of Depository Institutions and the Monetary Base-weekly. Recent releases show that the composition of the supply of total reserves
Determine the prime rate, the discount rate, and the federal funds rate and who controls these rates? What would you expect to happen in the general economy if these rates are all increased or Decreased?
The economy has seen unemployment rate raise from 6% to 9.5%, the inflation rate decrease from 2.8% to 1.2%, and there has been a 24% decline in consumer spending and a 45% decline in investment spending in the same time period.
If supply decreases along a given demand curve. Fiscal policy focuses on manipulating.
The following information describes a hypothetical economy (assume all numbers are in billion if necessary) Determine the value of the MPC of this economy?
Elucidate which project should be accepted if the required rate of return for the projects
Should the Fed be independent or would we be better off with a central bank under the control of the president or Congress.
Suppose two methods for achieving less water use in a community. The 1st method includes trying to convince people to apply water conservation measures and to use less water at current prices.
BMW has MC=$20,000 and FC=$10billion. Demand for markets in Europe and US are Qe=4,000,000-100Pe and Qu=1,000,000-20Pu. Prices and Costs are given in thousands.
a competing firm are the only sellers of a new product. You are engaged in an intense battle for initial market share. You both realize that the one who captures most of the market share will be the one who spends the most on advertising and promo..
An individual is considering two investment projects. Project A will return a zero profit if condition are poor, a profit of $4 if conditions are good, and a profit of $8 if conditions are excellent. Project B will return of $2 if conditions are p..
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