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Suppose an individual’s utility is expressed as U=x^(1/2)y^(1/2)and their constraint is represented by the following: 2x+3y=B=100.
What level of x and y should the individual consume to maximize utility? What is utility at the optimal level of consumption?
What is the shadow price of relaxing the constraint 2x+3y 100 that is, having B=101 rather than B=100?
q.need 800 words minimum only original work accepted.consider the following examples of economic activitiespurchasing
Think about our economy. Irrespective of economic conditions, we consume many goods and services in various quantities. There is a constant allocation and re-allocation of resources. How does this happen? What economic mechanism helps allocate resour..
Use the endogenous growth model to determine the effects of this on the paths of aggregate consumption and aggregate output overtime.
Some people think leadership is a born ability. Some think leadership cannot be learned and Some think leadership is the production of a need or challenge. What do you think?
Suppose a technological advance reduces the cost of making computers. Draw a supply and demand diagram to show what happens to price, quantity, consumer surplus (CS), and producer surplus (PS) in the market for computers.
Take a minute to think about the demand for college education and whether or not the costs of attending college (not just tuition, but also some of the opportunity costs associated with attendance) influences the number of students who attend college..
How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?
Ilustrate what concern would you have about this sale and or lease back contract. Explain how would you price these two events differently.
Can these equations be reliably estimated using OLS? Explain. Solve for the reduced-form equations of this model.
Either design will serve equally well and will involve the same material and manufacturing costs excluding the lathe as well as drilling operations.
Suppose market demand and supply are given by Qd=100-2P and Qs=5+3p. If a price floor of $30 is set, what will be size of the resulting surplus?
Income inequality and poverty affect us in many ways we may not think about. Gregory W. is a homeless man in Louisiana who was arrested for stealing food from a grocery store. What would be a fair way to hold this man accountable for his theft? When..
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