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Suppose a consumer derives satisfaction from consuming two types of hamburgers, X and Y. a. Graph the budget line of the consumer under the assumption that he is offered a buy two, get one free.
How would you graph an Edgeworth Box for two consumers with the same utility of U=x+y? Also, how would you do the same if one individual's utility is U=xy, and the other is U=x+y?
Analyze how prescription drugs affect the demand and supply of other products and services in this country. Suggest how, under certain conditions, a perfectly competitive market is economically effici
Support your response with evidence or examples. Select any industry and analyze its underlying structure in terms of the five forces.
Do the values that you found confirm your expectations as to the different rates of return for the three types of investments?
The Client also would like to know if it should merge with the competitor. Assuming the merger will pass the scrutiny from the DOJ, what do you suggest and why?
Compare across developed countries such as the U.S. and poorer countries such as Nigeria. Why might growth rates of developed nations be lower than those of poorer countries?
As we read this week, the Fed is an independent agency of government. What do you think about the Fed being independent of government? Is this too much power for a group of people to have? Why? Why
What factors might these types of stores have in common behind their declines? How would you determine which were important and which are not?
If you were the parents, how would you decide wether to accept the settlement or wait for the jury's decision?? what probability assessments would you need to make?
Affect you in any way, economists do not know what will happen to labor supply. Can these two statements both be true? Explain.
The issues which deal with possible worker behavior in large groups such as a business firm, and the various kinds of effects of worker behavior on the goals of the firm.
Assume htat each of them has only $1 bills on hand leaving three possible bids" $0, $1 or $2. Write out the payoff matrix for this game, and then find its Nash equilibrium.
What is the equilibrium income,the marginal propensity to import,and the trade deficit/surplus if : consumption is 200 billion,marginal propensity to consume.
Discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today? Explain.
Now suppose that it is feasible for firm A to delay its R&d decision until after the results of B's R&D effort (success or failure) is known. is it advantageous for firm A to have this secon
The legal cost of pursuing a settlement (wether or not one is reached) is $50,000 determine the settlement or litigation strategy that minimizes firm A's expected total cost.
Banks still want to hold the same percentage of excess reserves, and banks dont change their holdings of Treasury bonds? How much does the money supply change by?
Assume that the currency-deposit ratio is 32%, the required reserve ratio is 7%, the excess reserve ratio is 1%, and total money supply is $1,320 billion. What is the amount of highpowered money?
In contrast, it charged almost two times its costs for long distance services. What was the managerial economic rationale for this pricing?
When Bob consumes the bundle, (bb, gb), what is his MRS? What equation would you get if you equate the two MRS.
A decrease in taxes will do which of the following in the long run? During a recession, total public assistance payments and unemployment compensation payments automatically increase.
The equality-efficiency tradeoff best describes the: tradeoff between a lower benefit-reduction rate and a higher break-even level of income maintenance plans.
Explain why there is a natural employment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.