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in a recession consumers have less income to spend as a result if dining out is a normal good then which of the
plywood is used in the construction of houses if the price of plywood rises what happens to the supply of housesa the
it is expected that the price of a bushel of wheat will increase in one month this belief will result ina an increase
a paragraph or so explain the differences between the public debt and the government budget deficit explain how deficit
let y represent income and l represent hours of leisure mikes utility for income and leisure is uyl y x l so that
suppose you are the owner-operator of a gas station in a small town over the past 20 years you and your rival have
what microenvironment factors have affected sonyrsquos performance since 2000what macro environmental factors have
consider the problem of the apple farmer in your own words explain the farmerrsquos optimal solution in the free market
jimrsquos utility function is ux y xy jerryrsquos utility function is ux y 1 000xy 2 000 tammyrsquos utility
the affordable care act made important changes to the law of government programs and to the law of fraud and abuse
the dijon companyrsquos total variable cost function istvc 50q -10qsup2 qsup3where q is the number of units of output
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
in her economics course nancy has two exams her overall score for the course will be the maximum of her scores on the
why do so many members of congress believe that the federal government should subsidize local projects such as
use separate graphs to sketch two indifference curves for people with each of the following utility functionsa ux y x
true or false provide a brief explanationlinus has the utility function ux1 x2 x1 2x2 if the price of good 1 is 1 and
the absolute value of marsrsquo mrs at his current consumption bundle is strictly greater than 2 mars has convex
1 the money multiplier equalsnbspnbspnbspnbspnbspnbspnbsp 1r where r represents the quantity of reserves in the
mercantalism recommends that a country should limit its exports so that more of the otherwise-exportable products are
we can see that aid to africa has increased significantly over the last 40 years and that incomes in africa have
real versus nominal gdp consider a simple economy that produces two goods apples and envelopes the following table
1 from an economists perspective an important consideration for policies to address global warming isthe market for
1 is inflation high moderate or low2 is unemployment high moderate or low what is the unemployment rate3 are interest
the venezuelan bolivar has been steadily depreciating against the us dollar but the government wishes to stop the
suppose china wishes to peg the chinese yuan to the us dollar at 020yuan but because of foreign funds flowing into