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Marc has a budget of $20 a month to spend on root beer and DVDs. The price of root beer is $5 a bottle, and the price of a DVD is $10. Figure 2 illustrates his preferences. Use Figure 2 to work Problems.
What quantities of root beer and DVDs does Marc buy? At his consumption point, calculate his marginal rate of substitution of DVDs for root beer.
How would you define workability? Is workability a fundamental property of fresh concrete? If not, why? What are the principal components of workability and their significance in the concrete construction practice?
speciality machining inc bought a new multi turret turning center for $250,000. the machine generated new revenue of $80,000 per year. operating costs for the machine averaged $10,000 per year.
One unit of object is going to be sold via auction. There are two bidders, A and B. Their willingness to pay are known to be either of 10,20,30,40,50 and bids are also restricted to those values.
Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?
What is the current value of the national debt? How has this changed over the past year?
let x denote the reaction time in seconds to a certain stimulus and y denote the temperature f at which a certain
For example, when BP, the oil company, used carbon offsets to launch a brand of ‘climate cool fuel', it boosted its business five-fold with Interface, the carbon tile company. In the US, as in Europe, enthusiasm for climate-neutrality is gaining m..
To demonstrate that a utility function that is a monotonic transformation of another utility function gives that same first-order conditions and hence the same demand functions, multiply the utility function U = U(X,Y) by a constant
Marginal Revenue of a Monopolist a. Prove mathematically that marginal revenue is always less than price, P(Q). b. Explain this intuitively as well.You may use a graph to help you. Remember marginal revenue is the money the firm takes in after sell..
Suppose that a new government is elected that wants to keep out the poor. It declares that the minimum rent that can be charged is $2500 per month. If the government can enforce that price floor, will there be a surplus or a shortage Of how many u..
Assume that Y = real GDP. Then from the expenditure approach, Y = C I G NX. On p. 306 Exhibit 14.10 of the textbook, all C, I, G, and NX are the non-price determinants of AD. Suppose we use C, I, G, and NX as indicators during business cycles, the..
Suppose a government has no debt and a balanced budget. Suddenly it decides to spend 10 billion while raising only 8 billion worth of taxes. 1.) What will be the government deficit 2.) If the government finances the deficit by issuing bonds, what am..
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