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Question: Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X + Y UB(X,Y) = Min(X,Y) The initial endowments are: A: X = 2; Y = 4 B: X = 4; Y = 2 Illustrate the initi ...
Question: These are two essay questions. Please select one of the two questions. Note, that question #1 has multiple parts; if you select that question, you must answer all parts of the question. Question #2 has two main ...
Question: To find a value of the standard normal random variable? z, called z 0 0?, such that ?P( z greater than z 0 z > z0?)=.1922, which of the following is? correct: A. Tofind the correct z on the table two things mus ...
Question: Under what conditions would you expect the recent rapid growth rates in the Indian subcontinent and south Asia to continue, and under what conditions are they likely to diminish in the near future? The response ...
Question: What is the maximum amount you would be willing to lend someone if they promise to give you $1000 per month for 52 months and your MARR is 12%? The response must be typed, single spaced, must be in times new ro ...
Question: Rules restrict how we interact with others and, therefore, restrict our ability to engage in exchange. Given these are undesirable (from an economic standpoint), what benefits to rules provide us? What is the d ...
Question: An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 3 years the stock was sold for $25000. What was the rate of return on the investment? The response must be typed, singl ...
Question: The American Recovery and Reinvestment Act of 2009 (ARRA) was passed by President Obama and Congress in response to the recession of 2007-2009. The primary components of this bill included tax cuts and increase ...
Question: Analyze the various factors contributing to poverty and determine which single factor plays the most significant role. Provide a specific example to support your response. Discuss how developed nations contribu ...
Question: When discussing the pin makers we brought up marketing cooperatives like Sunkist Oranges. Unlike the pin makers, orange growers control Sunkist's policies by their votes (weighted by their shipment volumes), fo ...
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