Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Pat is deciding how to spend his summer vacation. He has exactly forty days of vacation time, and exactly $12,000 of disposable income. He can spend his time and money in two ways: travel, or home improvement projects. For the sake of analytical tractability we will measure vacation travel, T, in units of four-day trips, and we will measure home improvement, H, in units of two-day projects, but we will also assume that Pat can choose fractions of units of both travel and home improvement. Furthermore, we will assume that for Pat, \more is better", which simply means that whenever there's a way for Pat to get more of both travel and home improvement, he will do it.-Question : Suppose Pat tells you that he is trying to decide between four trips and ten projects, on the one hand, and six trips and seven and a half projects on the other hand.(i) Draw Pat's budget constraint (i.e. the set of combinations that he can just aord nancially) on a neat and precise graph, with H on the vertical axis. [Sloppiness is the kiss of death in any form of analysis.](ii) Compute Pat's budget constraint mathematically.(iii) Compute the price of a trip, PT , and the price of a home improvement project, PH? [Hint1: you have two unknowns, so you need two equations that link them together. Hint2: what do you know about the slope of the budget constraint?]
Based on your research, AT&T has spent over $15 million on related paperwork and compliance costs, Moreover, depending on the locale, telecom taxes can amount to as much as 25 percent of a consumer's phone bill. These high tax rates on telecom ser..
Draw a graph with y on the horizontal axis and Delta L on the vertical axis, showing the relationshipbetween income per capita and population growth in Twilightia. Derive the relationship between population (L) and income per capita (y). (Hint: reme..
Use both offer curves and a two by two payoff matrix, estimate the optimal foreign economic policy of a hegemon.
A famous quarterback quite signed a $15 million contract providing $3 million a year for 5 years suppose that he gets paid at the end of each year.
What are the issues surrounding the sovereignty of states and their governments' ability to regulate their economies? In what ways is economic globalization responsible? In what ways is it not responsible?
How would a regular LM curve be affected if the private sector demand for money balances increased following heightened uncertainty about prospects for bonds?
Would you assume this as an externality, and if you do, what would you suggest be done about it.
Suppose that rich countries surprisingly commit to much higher official aid, to be maintained for several decades. What would be the effect of such aid on?
Expalin how the actions of a mine operator can spend $5 million to free a trapped miner.
Consider demand and supply curves for many markets - the market for mineral resources, the market for wheat, the market for sugar, and market for motor homes.
How many cases of peaches will be produced per week during the growing season, and what will the selling price per case be if producers ignore the marginal external costs imposed on others?
Explain why is it that a firm in a perfectly competitive market can sell as much as it wants without a change in price occurring? As a result, what is the elasticity of demand affecting the firm then.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd