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for a utility functionU(x1,x2)=x1^2 * x2^3 and budget constraint given by p1x1+p2x2=I when you write down the langrangian for this utility function, is x1^2x2^3+ ?[p1x1+p2x2-I] are the correct function? what is second order condition for langrangian function, for this specific case how to get its second order condition
Use this information to calculate the price elasticity of demand for Model T Fords. Use the midpoint formula in your calculation.
Which definition(s) of the money supply include(s) only items which are directly and immediately usable as a medium of exchange?
Explain the difference between the population coefficient, i.e. ß(hat) and sample coefficient, i.e. ß. Also, please explain the difference between the OLS predicted Y (predicted dependent variable) and E(Y|X)
policymaking is much easier when the state of the economy is easly observable than when there is uncertainty about how
Suppose a monopolist can purchase Labor at a price w = 27 and can purchase Capital at a price r = 3. The monopolist’s production function is given by Q = L1/2K1/2. The demand facing the monopolist is given by P = 402 – 6Q.
XYZ Company operates in a perfectly competitive market. Due to robust economic growth XYZ company made above normal profits. Taking into account the characteristics of this market,
There is an Arithmetic Gradient Income from years 6-10 with a Base Annuity of $500.00 and an Annual Gradient G of +$50.00
Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks, and (c) wealthy individuals. Explore how these three leadership ..
Imagine cell phones are simple and the only thing consumers care about is minutes. Suppose a monopolist wireless company says, \The cell phone and the first 6 minutes are free, and the price of each additional minute is $2." Now suppose your deman..
All workers are equally productive also workers vary in their preferences. Compute a worker who values his wage and the risk level according to the following utility functions
What are the four phases of a business cycle? How does money supply affect business cycles? What is the relationship between money supply growth and inflation? What is monetary policy? What is fiscal policy? What is the foreign exchange market?
If you increase the vakue of your goods but sell more units is this a violation of the law of demand and how could input suppliers ever lower your profits?
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