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Max has the utility function U(x, y) = x(y + 1). The price of x is $2 and the price of y is $1. Max’s Income is $11. How much x does Max demand? How much y? If his income doubles and prices stay unchanged, will Max’s demand for both goods double?
q1. what is the rationale behind the mini-max regret rule? illustrate several less formal and precise methods of
Assume the Bills have the chance to offer a season ticket that is good for all eight home games, a partial season ticket that is good.
Governments often need to raise revenues to fund public projects like schools, road maintenance, parks, etc. One way governments raise revenue is to place taxes on the sale of certain goods. Suppose a government is debating whether to raise taxes on ..
determine which of the risks involved holds the most risk to the subcontractor.
The Globe-Ex Corporation produces industrial-use gamma ray lasers. It is the only producer of these lasers in the U.S. In the first quarter of 2015, Globe-Ex reported accounting profits = $348 million. Calculate Globe-Exs economic profits. Use the ap..
Illustrate what do the results tell you about the relative size of the income also substitution effects for leisure for Jake.
Homer' s boat manufacturing has a monopoly on boat sales in the region. Homer' s marginal cost of the 8th boat produced is $1200.
The existence of non pecuniary benefits associated with education causes estimated rates of return to education to _______ the actual rate of return for a typical individual.
Write a report named Tax Planning Considerations for Employees. The report will involve tax planning issues related to the organization’s employees. USco designs and manufactures specialized equipment used in various manufacturing applications.
Suppose that you are a borrower with a project that has a rate of return of 6.8%. You submit a bid to borrow $1,000 at an interest rate of 5%, and a lender accepts your offer. After you fund your project and pay back your loan, what is your gain or l..
Analytical essay about what are "liberal" (also related to Keynesianism, neoliberalism. nationalist and mercantilist, Marxist. ( also related "world system" and critical theories) how do they differ from or complement each other?
Illustrate what are your views on free trade versus protecting domestic marketplaces through tariffs also import restrictions.
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