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Toby is indifferent between the bundles (9, 3) and (5, 5). When Toby is at (9, 3), he would be willing to give up one unit of y if he were to receive two units of x. If Toby is at (5, 5), he would be willing to give up four units of x if he were to receive two units of y.
Give two possible utility functions for Toby for goods x and y. Hint: draw a graph.
Behavioral economics clearly makes an important contribution to our understanding of economies. Which, after all, are driven by human behavior?
What is the average fixed cost of producing 4 units of output and What is the marginal cost of producing the third unit of output.
In the economy of UNAM in 1968 exports were $45, GDP was $570, Government Spending was $85, Investment was $29 and Imports were $2. What was UNAM's consumption in 1968?
Explain the concepts of intrinsic value and economic value added for Federal Express and United Postal Service. Discuss financial (e.g., ratios and balance sheets analysis) and non- financial variables at play in valuing the two companies. Explain ho..
What is the equivalent uniform annual cost of one machine in years 1 through 7 at an interest rate of 7% per year?
Wall Street Journal costs $206, payable now, for a two-year subscription. Newspaper is published 252 days per year. What is a subscriber's cost per copy of newspaper, taking interest into account.
One kind of gain from specialization is that
Exhibit 2-8 represents Robin Hood’s production possibilities frontier. Assume that he currently produce at point G inside the production possibilities frontier. He can produce more bows employing the existing resources more efficient. He can increas..
Discuss the observation made recently by an undergraduate philosophy major that "the major international institutions are concerned with keeping the rich countries rich, at the expense of the poorer ones."
q1. go to the above website scroll down to table h2 and select all races. compute the percentage change in the shares
Illustrate how fast will his production and consumption grow over time. Compute the consumption of the farmer in each of the first five years under plans.
An easy on "under what conditions would a nation be able to currently produce more of both consumer and capital goods? At least 150 words excluding "a", "an" and "the"
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