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according to a recent report in the economist the price of tuna has been rising rapidly in the past few years the
calculate the value of the market basket for each year given the price in the table blow also calculate the price index
1 what were the main causes of the real estate bubble and the ensuing financial crisis2 why did the crisis spread from
which of the following statements are true about a competitive price-searcher market check all that applyfirms face a
suppose there are two consumers a and b the utility functions of each consumer are given by uaxy x2y ubxy xy the
assume that the market basket consists of 150 container of yogurt 300 cups of coffee and 200 cookies in 2013 but in
2nd-degree price discriminationb note that the inverse demand functions for the high-valuation and low-valuation
two boxers brutus and floyd are training to fight each other each boxer is considering whether to take steroids to
ugula sells rubber band in the domestic market their equilibrium price is 10 ugula does not have competitive advantage
find the effective interest rate per quarter at a nominal rate of 8 compounded a quarterly b monthly c weekly d daily
1wheat can only be sold at a central market place m all producers that do not produce it at m need to haul it there in
the news-vendor problem is a basic problem in applied economicsoperations management whereby one must optimize
a explain how the ldquoincidencerdquo ie ldquowho pays the taxrdquo of a per-unit tax on transactions depends upon the
the usa federal government has decided to embark on energy security for the nation in order to secure future
suppose that mexican investors decide to pour money invest into the us fracking industry assume that the us and mexico
1 what is the difference between a movement along and shift of the demand curve let us consider the demand for dvds
suppose that elsas preferences over baskets containing gasoline good x and food good y are described by the utility
a building is priced at 125000 if a down payment of 25000 is made and a payment of 1200 every month thereafter is
explain what is meant by the idea of an ldquooptimum-size firmrdquo what forces would make firms in one industry on
in the long-run a firmrsquos cost of production are shown by the long-run average cost curve1 what forces explain the
explain how it can be that something that an accountant calls a profit is actually a cost from the economistrsquos
find the amount of consumer surpluscs for a linear demand p 20 - 2x when i p 0 and ii p 10 what is the maximum and
uxyx6y 4 mux6x -4y 4 muy4x 6y -6 px3 py4 i60 a calculate the mrsxy b write the budget constraint c what is the
good x and good y are complements ux y min 5x 4y price of x is 5 and price of y is 4 the total income is 80 a write
a assume good x is normal plot a graph to illustrate the income and substitution effects of an increase in px holding