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Why might a tax on domestic consumption of resources critical for national security be a more efficient approach than barriers to imports?
find the Hicks-compensated demand function of the following utility function: u(x1,x2) = x1.x2 + x1 I have found Marshall demand function, but I doubt how I find the Hicks-compensated. Is there anyone who can help me with that?
Year nominal gdp gdp deflator ( base year 1996) 2000 9873 118 1999 9269 113 a.what was the growth rate of nominal gdp between 1999 and 2000 b.what was the growth rate of the gdp deflator between 1999 and 2000
In a particular region, there are two lakes rich in fish. The quantity of fish caught in each lake depends on the number of persons who fish in each according to Q1 = 15 N1- 0.5 N12 and Q2 = 8 N2 - 0.2 N22 where N1 and N2 denote the # ..
zachary has opened a retirement account that will pay 5 interest each year he plans to deposit 10 of his annual salary
Suppose that the market (in the graph above) is initially in equilibrium. Assume that consumer preferences shift and people want more of this product, and, at the same time, producers get an improvement in technology which lowers their production ..
Do you believe in strict cultural relativism, or do you think anthropologists should pass judgments? Is there a middle ground in this debate, and if so, under what circumstances and using what criteria would you draw the line between the two sides..
What does it mean when substitution effect equal zero? explain with graph and example what does it mean when income effect equal zero? explain with graph and example
A farmer believes there is a 50-50 chance that the next growing season will be abnormally rainy.His expected utility function has the form Expected utility=1/2lnYnr+1/2lnYr, where Ynr and Yr represent the farmer's income
The applicable discount rate is 7 percent. One annuity pays $4,000 on the first day of each year for twenty years. How much does the second annuity pay each year for twenty years if it pays at the end of each year.
At present, the company can earn a maximum annual profit of $25,000 when it sells 10,000 copies within a year's time. The firm incurs a 50-cent expense each time a consumer downloads a copy, but the company must spend $100,000 per year.
Wishwell Tile Corporation uses the number of construction permits issued to help estimate demand. The company collected the following information on yearly sales and number of construction permits issued in its market area:
A sample of 500 business professionals found that 30% chose an airline based on price. If the population proportion of all business professionals who select an airline based on price is .27 What is the probability
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