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The utility is given byu(x, y) = xy + y
What are the demand functions for x and y. Describe how demand curves for x and y are shifted by changes in I or the price of the other good.
Each day Paul, who is in third grade, eats lunch at school. He likes only twinikies (t) and soda (s), and these provide him a utility of utility = U(t,s)=(ts)^1/2. If twinkies cost $0.10 each and soda costs $0.25 per cup, how should paul spend the $..
Incorporate tastes into economic models only to the extent that tastes determine whether pairs of goods are substitutes or complements.
Sergei is a computer programmer with a utility function equal to U=Y+120L-L . He contracts with Uber that allows him to set his own work hours; they pay him $50/hour. He has allocated himself a work-hour time budget of a maximum of 250 hours per mont..
critically discuss the pros and cons of this contractual arrangement vis-a-vis the alternative of outsourcing the teaching to an outside fi rm.
q1. suppose the supply of apartments in minneapolis is perfectly elastic. the effect of a 100 per month tax on all
Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish “absolute advantage” from “comparative advantage” in the context of your example. Then select an international terms-or-trade ratio and explai..
Explain how GDP is measured in your country - explain who would benefit directly and who would lose directly from such restrictions.
Elucidate whether each of the following events shifts the short-run aggregate-supply curve, teh aggregate-demand curve, both, or neither.
If the number of suppliers in the micro calculator industry increases, illustrate what would we expect to happen.
q.the head of the central bank of a small african nation is trying to determine whether the m1 or m2 money multiplier
Elucidate how much does the total amount of deposits in the banking system increase. By elucidate how much does the money supply increase.
Which of the following might explain why the government would create a price ceiling for a certain good?
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