Business, 21.04.2020 15:24 marbuigues4675
Ted and Joe each consume peaches, x, and plums, y. The consumers have identical utility functions, with Together, they have 10 peaches and 10 plums. Verify whether each of the following allocations is on the contract curve: a) (1 marks) Ted: 8 plums and 9 peaches; Joe: 2 plums and 1 peach. b) (1 marks) Ted: 1 plum and 1 peach; Joe: 9 plums and 9 peaches.
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What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real
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How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.
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What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
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Ted and Joe each consume peaches, x, and plums, y. The consumers have identical utility functions, w...
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