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consider the following sequential zsg first nature chooses heads or tails each with probability one-half player 1 then
max has the utility function ux y xy 1 the price of x is 2 and the price of y is 1 maxrsquos income is 11 how much x
cobb douglass production functiona what does it mean that marginal product of capital is decreasing show the marginal
growth without diminishing productivity of capital suppose that the production function is yaka what is the condition
shellys preferences for consumption and leisure can be expressed as uc l c minus 200l minus 80 1 this utility function
what is information asymmetry and examplewhat is moral hazard and examplewhat is adverse selection and
heckscher-ohlin modelhome h and foreign f produce autos and shirts using capital k and labor l autos are capital
1 suppose that demand for a product is given by q1000-p supply of the product is given by q2p there is a positive
emily dorseys current salary is 85000 per year and she is planning to retire 19 years from now she anticipates that her
a heat exchanger cost 7500 in 2005 and must be replaced soon with a larger unit the present unit has an effective area
why are entrepreneurs willing to supply goods and services for consumers at attractive prices is it because they care
new safety regulations increase manufacturersrsquo costs of producing insulation what happens in the market for
edmund has the utility function ux y 2xy 1 the prices of x and y are both 1 and edmund has an income of 20a how much
suppose that you are a borrower with a project that has a rate of return of 68 you submit a bid to borrow 1000 at an
why would nations favor fixed vs floating exchange rates for their currencies why do some developing nations have a
1 which is more economical a plant with a payroll of 400 a week with 100 of overhead and with an output of 100 units
suppose that you have a business in which you hire five workers to whom you pay 4 an hour suppose further that you have
describe the social and economic repercussion of the following inventions the typewriter the jet airplane television
you have just purchased a house for 400000 paid 24000 for legal fees and 17000 for renovations the market price of the
suppose jimmy says that he is willing to give up three apples in exchange for one banana or give up one banana in
currently a government budget is balanced the marginal propensity to consume is 075 the government has determined that
conduct a light research on the role of emotion in negotiation process and the effect it has on the outcome of the
two different brands of milk are randomly samples and the fat content in each bottle of mild is determined twenty six
a machine makes drill bits when the machine is operating correctly the variance of the diameter of drill bits is no