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Sam’s utility function is U(x1, x2) = 2x1 + x2, where x1 is the number of units of good 1 he consumes per week and x2 is the number of units of good 2 he consumes per week. Sam has $200 a week to spend. The price of x1 is $4. Sam currently doesn’t consume good 2, as it is way too expensive. Sam has received an invitation to join a club devoted to the consumption of good 2. If he joins the club, Sam can get a discount on the purchase of good 2. If he belonged to the club, he could buy good 2 for $1 a unit. How much is the most Sam would be willing to pay to join this club?
The president of a small industry has been complaining to the controller about raising labor also material costs.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in whi..
q1. were past societies in human history more ecological than our society today? what is the most ecological society
Analyze your chosen topic from the basis of our course content by beginning with an underlined thesis statement (purpose) in the first paragraph. Then use each paragraph to analyze a separate concept, theory, or principle from the text which helps ex..
Explain why sharp decline in oil prices might not necessarily have positive or negative impact.
Jennifer buys a piece of costume jewelry for $33 for which she was willing to pay $42. The minimum acceptable price to the seller, Nathan, was $30. Jennifer experiences:
illustrate the effects of capital formation by comparing the production possiblility curves at the present time and ten years in the future.
Given that the demand for tickets is a binomial random variable with parameters n = 10 and p = 1/2, illustrate how many tickets should she buy in order to maximize her expected profit.
What are the differences among productive and allocative efficiency. What conditions must be present for productive and allocative efficiency to be achieved in the 'real' world.
The respective forecasts were 120 for all four years. Illustrate what is the resulting MAD value that can be computed from this data.
Y at PPP is only 0.05. It is well-known that investment rate dierenHSL39502.bmpe when measured at a common set of prices while very small when measured at domestic prices.
Did the government spending increases and large budget deficits of 2008-2011 strengthen aggregate demand?
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