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Jennifer's preferences are described by the following utility function... U=x^1/2+y^1/2
a) Does jennifer experince diminishing marginal utility? prove your answer mathematically.
b) What is the graph of Jennifer's indifference curve?
Elucidate the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.
Which of the following bonds is supported by collateral?
Which of the following statements about the relationship between aggregate spending and aggregate income is true?
Suppose you bought a bond on October 1, 2015 for $1,000 that pays you interest at 10% annually ($100 per year). The bond you purchased matures on October 1, 2025. Next year, on October 1, 2016, another student buys a bond for $1,000 that matures on t..
q.assume your company is considering three health insurance policies. the first policy requires to tests and covers all
Explain the equilibrium price will remain unchanged, smokers will consume the same number of cigarettes. Do you agree or disagree with this view.
In her economics course, Nancy has two exams. Her overall score for the course will be the maximum of her scores on the two exams. Nancy decides to spend a total of 400 minutes studying for these exams. On a graph with x1 on the horizontal axis and x..
If total costs at each output level were to double, would the profit maximizing output level be greater or smaller? Can you answer this question without performing any calculations? Explain.
“In a situation of increasing opportunity costs, trade can be beneficial to both countries if they have identical tastes. However, trade cannot be beneficial to either country if the countries have identical PPFs” Is this statement correct of incorre..
collect information on the supply chain design adopted by Nike for the chosen product. Analyze the information and write a 2- to 3-page report in a Microsoft Word document, addressing the following: What are the salient characteristics of the design?..
Control of "market interest rate"? What is market interest rate? And how does loan able funds relate to it?
The government wants to make Medicare benefits available to more people, but to achieve this goal, it needs to make cuts in the existing Medicare budget. The two areas where they are considering cuts are non-essential elective surgery and 6-12 month ..
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