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Draw and describe production possibility frontier for an economy that produce milk and cockies.What happen to this frontier if diseas kills halfe of economy cows population?
Microeconomics, Economics
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Quesiton: Suppose there are two individuals and two goods. The initial endowments are ?1 = (1, 0) and ?2 = (1, 1). Preferences are given by u1(x, y) = x + y and u2(x, y) = y (a) Prove that in equilibrium-if it ever exist ...
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Question: The interest rate is 10 percent and you purchase the newly issued bond in equation 16.3 for $10,000. After you hold it for 16 years the market interest rate rises to 15 percent. Calculate the change in its pric ...
Question - If a savings bank pays 1.5% interest every 3 months (Every quarter), a. What is the nominal rate? b. What is the effective rate per year?
Question: What is the equivalent amount in year ten of an expenditure of $5,000 in year one, $6,000 in year two, and amounts increasing by $1,000 per year through year ten? The response must be typed, single spaced, must ...
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