Discuss how the indifference curve
Discuss how the indifference curve and budget line apparatus are used to derive a consumer's demand curve. For a demand curve, certain things are held constant. What are they, and how does this approach them constant.
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Determine the probability of the chosen ball being dull conditional on it being red? Determine the probability of the chosen ball being shiny conditioned on it being red?
Assume a firm is forming the 1,000 units of output (Q). Its average fixed costs are $50. Its average variable costs are $25. Determine the total cost (TC) of forming the 1,000 units of output (Q)? It the price (P) of the good is $100, what is tota
Examine what your opportunity costs have been in terms of personal resources that you have given up in order to take this course at Strayer University.
A valve can be employed at four temperature levels. If the valve is employed at the cold temperature, then there is probability of 0.003 that it will leak.
Suppose that the height of humans is normally distributed parameter. If 80% of all people are taller than 165 cm, and 98% of all people are shorter than 193 cm, determine the mean and standard deviation of height?
Discuss how a bandwagon effect might speed up the rate at which DVD players are adopted by consumers. Do likewise for the case of cable television subscriptions.
Explain what benefit do economic models provide to decision makers seeking to manipulate economic conditions? In your posts, specifically address the models GDP, GDI, and their major components.
Assume that government spending was increased by 10 units and that this increase was financed by a 10 unit increase in taxes. Would equilibrium income change or remain the same as a result of these two policy actions?
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