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this problem examines the effect of consumption taxes on labor supply consider a consumer with utility functionuc l c 05 loglwe assume there are no
sam arrived on campus at the beginning of the academic year with 480 to spend on textbooks and cds the price of a textbook is uniformly 80 and the
what is a situation in which this might happen in a business i dont want a numerical solution rather i want to know what instance might occur that
a firm hires four workers and rents 16 acres of land for a season it produces 150000 bushels of crop if it had doubled its land and laborproduction
let y denote the sample average from a random sample with mean and variance 2 consider two alternative estimators of w1 n- 1ny and w2 y 2a show
the malthusian model to describe the situation in twilightia in particular the relationship between its income per capita y and the growth rate of
suppose instead that the firms in problem 9 compete by setting quantities rather than prices all other facts are the same it is possible to rewrite
bill gets utility satisfaction from two goods x and y according to the utility function uxy lnx lny while bill would like to consume as much as
what isincreasing food supplies are necessary to sustain growing populations around the world and their appetites for great food quality products and
janice j and kelly k like fireworks displays the marginal benefit curve for janice is mbj9-q kellys mbk27-3q q is the total amount of fireworks
sulfur dioxide a component of acid rain is produced by power plants for simplicity assume there are only two power plants h and l suppose the
in a local market the monthly price of internet access decreases from 40 to 30 and the total quantity of monthly accounts across all internet access
define the union wage gain and the union wage gap why should we care about the magnitude of the union wage gain why should we care about the
an electric company must decide whether to install a scrubber to reduce sulfur dioxide emissions from its electric generating station the plant
suppose a certain opthalmic trait is associated with eye color 300 randomly selected individuals are studied with results as
according to the wall street journal mitsubishi motors recently announced a major restructuring plan in an attempt to reverse declining global sales
you were recently hired to replace the manager of the roller division at a major conveyor-manufacturing firm despite the managers strong external
consider the economices of spain and the united states in spain unemployment is 251 there suppose that in a given period 9 of the unemployed people
when trying to assess differences in her customers claire - the owner of claires rose boutique - noticed a difference in the typical demand of her
are retail gasoline prices essentially equilibrium prices why or why not in most markets are prices typically at the equilibrium why or why notwhat
texas instrument once announced a price for random-access memories that wouldnt be available until two tears after the announcement few days later
you have been hired by a firm making bar soap they want to determine the market for soap made organically from natural ingredients you have been
assume you are the plant manager for crossroads sign company which produces road signs in a market that approximates perfect competition due to a
1 an important reason why economies at an early stage of development tend to operate inefficiently isa they tend to be dominated by the agricultural
investigate the role of the lagrange multiplier in constrained optimization problems corn is a fertilizer-intensive crop agricultural runoff from