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victor finick likes to have the same amount of x as he has of y his utility function is ux y min2x - y 2y - x a draw
when drawing a demand curvea demand is measured along the vertical axis and price is measured along the horizontal
discuss a variety of different derivative instruments relating to foreign exchange what is the underlying function of
hedging is an effective tool for mitigating exposure to a variety of risks generally speaking corporations like to keep
what is the motivation for a bond issuer to issue bonds in a foreign market what are the positive economic effects of
a us government bond matures in 10 years its quoted price is now 964 which means the buyer will pay 9640 per 100 of the
1 the main determinant of elasticity of supply is thea number of close substitutes for the product available to
1 suppose the income elasticity of demand for toys is 20 this means thata a 10 percent increase in income will increase
1 the larger the positive cross elasticity coefficient of demand between products a and b thea stronger their
total revenue will increase for which of the followinga price falls and demand is inelasticb price falls and supply is
for each of the following decisions determine whether the manager is in a short-run or long-run situationa a grocery
praxilla who lived in ancient greece derives utility from reading poems and from eating cucumbers praxilla gets 30
microsoft and smaller rival often have to select from one of two competing technologies the rival always prefers to
assume a two good world explain why it is that we allow for individuals to have different preferences but make the
1 the mission vision and value statement of an actual firm 2 whether or not you feel the firm has been successful in
what value of price elasticity of demand for electricity is assumed by people who draw the vertical demand curve what
economic policies and practicesthe policies of the federal government influence the outcomes of the various activities
if immigration raises the labour force what is the expected effect of this on the return to labour real wages and
luxembourg imports a good at a world price of 10 each the domestic supply curve is s 50 5p where p is in ecu and lecu
suppose at current factor prices a countryrsquos manufacturers use 60 hours of labor for each acre of land and food is
a suppose the indifference curves for a consumer are positively sloping what can be inferred about their preferences
ceteris paribus there is an inverse relationship between price and quantity demanded in other words the demand curve
some recently visited popular priced comparison sites why might these retailers offer different prices to those who
consider a cobb-douglas utility function of the type uxy x2y2 the prices of the two goods xy are px 2 and py4
a in finding the optimal basket for a consumer we assume the preferences are exogenously given we know the indifference