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Q. Draw a diagram of consumption and work hours (work hours not leisure hours) Put consumption on y axis and hours worked on x axis. Matt earns a wage of $20 per hour. What is his budget constraint in terms of Consumption and Hours Worked? Draw his budget constraint on diagram. Now draw several indifference curves and indicate utility maximizing level of Hours worked and Consumption.
Use the characteristics/features of the different market structure to determine which market structure to classify your chosen firm.
Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found to the Demand curve.
Include an example in which the government has used either economic or social regulatory activities. Illustrate do you agree with this regulatory activity.
Is the student necessarily better or worse off than before from such a transfer implied by consultant A.
Explain what should be the production level if fixed costs rose to $70,000 per month. what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity.
Suppose you have two goods, ice cream and macaroni(an inferior good to most people). show graphically what would happens when the price of the ice cream decreases and income increases.
Elucidate what prices he should charge in two markets. Illustrate quantities be should sell in the two markets.
Illustrate what happens to official measure of GDP when air quality improves significantly in united states but there are no effects on aggregate production or on market prices of final goods and services.
Compute the present value of the bond when the interest rate is 8%. Must the yield to maturity be above or below 8%.
Assume Fed expands money supply, however because public expect this Fed action, it simultaneously raises its expectation of cost level. Illustrate what will happen to output and cost level in short run.
Calculate equilibrium level of income in goods market if i=10 also calculate equilibrium level of income in money market if i=10.
who are well-known to be boring, stuffy types; what could be a better way to reinforce one's credentials as a radical, innovative thinker than to skewer their most beloved doctrine.
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