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problem 1 in this problem assume that u x1 x2 x1ax21-a 1 find the consumeriacutes hicksian demand for each of the
1 the ownermanager of an athletic shoe store has revenue of 260000 per year and labor interest inventory and
a certain college graduate sallie evans has 24000 in student - loan debt at the end of her college career the interest
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since its founding in 331 bce the city of alexandria has been a center of trade for the mediterranean countries as well
suppose chen has demand q 40 ndash 2p for streetlights and abby has the demand q 10 ndash 12p for streetlights the
according to the production possibilities model does a reduction in the unemployment rate cause the economy to grow yes
discuss how you can use the laws of demand and supply to explain the following scenarios scenario 1 after world
1 which of the following is a rate that should theoretically serve as a floor for the fed funds ratethe discount rateus
if the price elasticity of demand is e -12 a 10 increase in the price willdecrease the quantity demanded by 5increase
economists assume that consumers attempt to maximize their utility based upon their preferences income and price of
if a monopolistic firm price searcher can sell 9 units at a price of 100 each but must reduce its price to 80 in order
the demand for the product of a business is given by q 50 - 2p if the price of the product is p 10 dollars the
during 2009 the demand for lcd televisions appeared to be falling at the same time some industry observers expected
during the last year the demand for books has been falling at the same time some industry observers expected that
when entrepreneurs are investing their own money how do they decide which projects they should undertake when political
suppose the us president is attempting to decide whether the federal government should spend more on research to find a
waiting in line two hundred people are willing to wait in line to see a movie at a theater whose capacity is one
if demand of a commodity increases with incomea the good is inferiorb the good is normalc the good has no substitutesd
for a normal good the income and substitution effectsa work togetherb work against each otherc can work together or in
you are given the following functionsnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp qd
explain demand schedule and demand curve and how they are related why does the demand curve slope
1 if the demand for a commodity is elastic an increase in the price of the commoditya will increase revenueb will