+61-413 786 465
info@mywordsolution.com
Home >> Microeconomics
If you have the utility function U(x,y) = min{3x + y, 4y}. Where x is measured on the horizontal axis and y is on the vertical axis. How would you figure out what the indifference curve consists of?
Microeconomics, Economics
Question: Farm laborers in the United States are sometimes paid by piecework, for example, a fixed amount for each basket of fruit that they pick from an orchard. Looking at the shirt assembly example, explain the simila ...
Question: How does a government agency raise revenue differently from a private company, and how does that affect the way government decisions are made, compared to business decisions? The response must be typed, single ...
Question: Discuss the nature of the alliance between the Soviet Union and the Western powers (US and Britain) during the Second World War and how this affected the strategy of the war. Why were the Soviets and the Americ ...
Question: Pre-existing Conditions: Insurance companies do not like to cover pre-existing conditions without being able to rate the premium because they know that these individuals represent higher risk and distort the av ...
Question: The market demand for stuffed rabbits is Q = 2,600 - 20P, and the government intends to place a $4 per bunny tax on stuffed rabbit purchases (tax collected from sellers). Calculate the tax incidence and deadwei ...
Question: Read the "You Be the Judge" on p. 596 of the text. It is the case of Banta Properties v. Arch Specialty Insurance. Review the facts, and the arguments of each party in the case. Discuss: 1. the main issue(s) in ...
Question: Lobo Lighting Corporation currently employs 100 unskilled laborers, 80 factory technicians, 30 skilled machinists, and 40 skilled electricians. Lobo feels that the marginal product of the last unskilled laborer ...
Question: The term liberalism, when applied to governments, is very different from the term liberal in America. Where liberalism implies a limited government, here in the United States a liberal is not usually seen as su ...
Question: Suppose two countries, Portugal and Spain, each produce flowers and clocks. Assume that land is an input specific to flowers and capital is an input specific to clocks. Labor is free to move between the two ind ...
Question: As a manager, one of your responsibilities is to monitor recent changes in inflation. However, the recent statistics appear to be quite confusing. The CPI rose only 0.1%, but the PPI for finished goods increase ...
Start excelling in your Courses, Get help with Assignment Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As