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Jennifer spends all her income on two goods, X and Y. In Year 1, PX = $15 and PY = $24, and at her utility-maximizing equilibrium she bought 20X and 30Y. In Year 2, the price of X decreases to $6 and the price of Y increases to $30. Assuming that Jennifer's tastes and income do not change, use budget constraints and indifference curves to figure out whether she is better off or worse off than she was in Year 1
in the derivation of the solow growth model we assumed that government spending and taxes less transfers were both
If the t ratio for the slope of a simple linear regression equation is equal to 1.614 and the critical values of the t distribution at the 1% and 5% levels of significance, respectively are 3.499 and 2.365, then what is the slope
Holiday Fruit Company buys oranges and processes them into gift fruit baskets and fresh juice. The company grades the fruit it buys on a scale from 1 (lowest quality) to 5(highest quality). The following table summarizes Holiday 's current invento..
the following equations show market demand and supply respectivelyqd 10000 - 1000pqs -2000 1000pwhat is the
American Pulp Corp. (APC) has entered into a contract to harvest timber for $450,000. The total estimated available harvest is 150 million board-feet. What is the depletion allowance for years 1 to 3 if 42, 45, and 35 million board-feet are harvest..
A $40,000 machine will be purchased by a company whose interest rate is 12%. The installation cost is $5K, and the removal costs are insignificant. What is its economic life if its salvage values and O&M costs are
What is the dependent variable? How much you spend for a vacation in U.S dollars. Potentially, what are the independent variables?
Determine when the exponents of a Cobb-Douglas production function sum to more than one, the function exhibits
cisco's gross revenue(the percentage of revenue left after subtracting the cost of goods sold) was 70.1% of total revenue over a certain 4-year period. if the totall revenue was $5.4 billion for the first 2 years and $6.1 billion for the last 2 ye..
anderson county has 35 older-model school buses that will be salvaged for $5,000 each. these buses cost $144,000 per year for fuel and maintenance. now the county will purchase 35 new school buses for $ 40,000 each.
What do economists mean by "an economically efficient level of pollution"?
Assume that government ownership doesn't affect the cost of supplying gas. If the government's objective is to maximize the net benefit (social welfare) to the community as a whole, what price should be set
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