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Mitchell's income is $150, the price of X is $4, and the price of Y is $2. Given these prices and income, Mitchell buys 20 units of X and 35 units of Y. Call this combination of X and Y bundle J. At bundle J, Mitchell's MRS is 1. Given these prices and income, what is Mitchell's optimal consumption of X?
Research one case of trade restriction, implemented by any nation. Research your topic, using at least 2 sources, and write a brief report (approximately 2 pages) on your findings. Scoring Guide-International Economics, Scoring Standard
Given the number of successful prosecutions being brought, whether she will reform the Welfare of Animals Act 2011
A fleet manager must choose between two trucks to purchase for a company's fleet. The company will keep either truck for 4 years. Truck A costs $29,000 and has a market value of $16,000 after 4 years. Truck B costs $33,000 and has a market value of $..
"The Heckscher-Ohlin Trade Theory is about how two countries can get greater gains from trading with each other if they have different resources one have more labor and the other have more capital. The Trade Ruler game is set in "the Hechscher-Ohlin ..
Assuming that my situation is that of other firms, in which of these cases is output similar to short run equilibrium output.
The Wall Street Journal's experience after it increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about price elasticity.
A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the sale of every unit to correct for the social cost of the noise pollution. Describe the impact of the tax on the number of leaf blowers sold. What is the s..
The respective forecasts were 120 for all four years. Illustrate what is the resulting MAD value that can be computed from this data.
What is the probability (±0.001) that the next customer pays at least $30? What percent of customers who pay at least $30 pump premium? % (Round your answer to the nearest whole number.)
1. 1.because bank funding markets are global and have at times broken down disrupting the provision of credit to
You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices.
Find out a numerical equation linking planned aggregate expenditure to output. Show the determination of short-run equilibrium output for this economy using the Keynesian cross diagram.
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