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Assume that Ravi's marginal utility is 60 utils for the last glass of wine he consumed. If the price of a glass of wine is $4, what is Ravi's marginal utility per dollar worth of wine? What is his marginal utility per dollar worth if the price were $6 per glass of wine? If the price were $2?
What value of y survives as a solution if all firms are competing for high ability workers.
Robert Lucas said that "...business cycles are all alike', yet from Chapter 3, we see that the times series of deviations from trend in real GDP is "choppy", and there is no regularity in either the amplitude or frequency of fluctuations in real GDP ..
Which of the following statements is TRUE? A risk-averse person prefers gamble B to gamble A. A risk-averse person prefers gamble A to gamble B. A risk-neutral person prefers gamble A to gamble B. A risk-neutral person prefers gamble B to gamble A.
Some of the forces working against freer global trade are:
Which type of research design is appropriate
Compared to perfectly competitive firms, oligopolies are:
biolyses is a biotech division of alphacon pharmaceuticals. in its 8 years of survival biolyses has had only one drug
The reading summarizes powers granted by the Constitution - some powers are granted to the Federal government, some powers are granted to state and local governments, some powers are shared. After reviewing the assigned material on these powers, choo..
China has begun to allow gradual changes in the RMB/dollar rate since 2005. There are still observers believed the RMB is undervalued. Which of the following statement is true holding other things constant?
Suppose that Player 1 first plays Top, Middle or Bottom. Player 2 only finds out whether player 1 has played Bottom. If so, he plays Left or Right; if not, he plays In or Out. Draw the game tree, identify the subgame(s), find the subgame perfect equi..
q1. used music cds rise in price from 7 to 8 and total revenue falls from 700 to 640.bull a. is the demand curve over
A student loan totals $18,000 a graduation. The interest rate is 6%, and there will be 60 payments beginning 1 month after graduation. If this student received $1,500 as a graduation present and uses it to pay off an extra $1500 in the first month, w..
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