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Suppose martha's utility is given by U=1/2^2 +3y^2. what is formula for martha's rate of substitution? Is the marginal rate of substitution increasing or decreasing or constant as martha substitutes x for y?
Explain how GDP would return to equilibrium if it was above or below equilibrium GDP. Whenever there is change in spending, there will be a change in real GDP. Explain why this is so.
Brief explanation why these cities could be boring.
If the marginal cost curve lies above the average cost curve, then the average cost curve must be sloping upward and the short-run cost function is always greater than the long-run cost function
What factors led to the mortgage default crisis and ultimately the Housing Crisis? How did mortgage defaults affect banks involved in mortgage lending and mortgage investing? Evaluate TARP and illustrate the problem of moral hazard?
Analyze recent failures in the global financial system and make at least one recommendation for systematic change that would prevent such failures from happening in the future. Explain your rationale.
Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car deal..
determine the expected rate of return on joness stock cost of equity. here are the detailsjones total assets2000000
How relevant are the factors listed in this chapter in affecting the difficulty of maintaining a cartel?
Derive the demand curves for GGC's product in each market and derive GGC's marginal revenue (MR) and marginal cost (MC) curves in each market. Show graphically GGC's demand, MR, and MC curves for each market.
The theory of purchasing power parity:
Describe the difference between average revenue and marginal revenue .why are both of these revenue measures important to a profit-maximizing firm?
Summary of a recent news story and explain how it relates to the 10 principles of economics.
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