Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
Describe the household's budget line and its relationship to the indifference curve. What is the household's optimal consumption bundle.
How is the $10 best allocated between A and B. How much utility will the marginal dollar yield.
When discussing the maximization of utility, regardless of whether you chose to work more hours or fewer when offered a higher hourly wage, you could not be worse off than you were at a lower hourl
Discuss the comparison of the utility of the $100 versus the utility of the good and how a voluntary exchange results in a win/win situation to both parties.
How does utility affect economic decisions. If the consumer is rational, how can utility affect their economic decisions? Does utility lead to more or less customer satisfaction.
Suppose this person could purchase insurance that would pay for all losses if the car accident occurs. What is the most this person is willing to pay for this type of car insurance
Using the Diamond-Water Paradox as a guide, use two other goods of your choice to illustrate the concept and explain the roles played by total utility and marginal utility.
As a manager, what are some practical things you could do to raise utility for employees that also benefit the firm. In your answer use a company you currently work for or one you worked for in the
why diets fail, romances fade, too much exercise harms us, and many other things. Select a human behavior and construct a "mini case study" that highlights the workings of marginal utility.
Show (mathematically) that her expected utility is higher when she purchases an actuarially fair insurance policy than when she faces the risk of fire with no insurance. What is the most she should
Assume that the individual's utility function for profit is U(X) = X -0.05X2. Calculate the expected utility of each project and identify the preferred project according to this criterion.
What is the relationship between quality, consumption and demand for health care services. What are the key components in the costs of health care services.
Explain and discuss the questions which emerged from Walras's research strategy. Is GE possible. Is the GE economically meaningful.
A rational consumer will purchase only 1 unit of the product represented by these data, since that amount maximizes marginal utility." Do you agree.
What does the fundamental assumption of marginal utility theory suggest about the connection between money and happiness
Issues you may want to cover include, but are not limited to, trade liberalization, national sovereignty, worker rights, World Trade Organization and committees, relationship with World Bank and IM
What is the difference between price rationing and non-price rationing. What non-price methods of rationing will landlords use to discern whom they should rent to.
Say the government establishes rights to pollute so that without a pollution permit you aren't allowed to emit pollutants into the air, water, or soil. Firms are allowed to buy and sell those right
Do other countries have problems with our restrictive trade laws. Besides the Ministry of Finance and the keiretsu, are there other problems.
How might these regulations be thought of as being a negative technological change (techn deterioration rather than techn improvement). What effect would these regulations have.
There an equitable solution to this problem while still protecting the environment we all share. What is that solution.
Explain the difference between a monopoly and an oligopoly, the welfare effects of monopoly, cost advantages that create monopolies, government actions that create monopolies, and government actions
The question you are assigned to answer is "What are some obstacles to successful international economic policy coordination"
Why may a government's solution to a market failure worsen the market failure. Can you think of any examples that apply to this.
Explain the difference between structure and conduct and compare these concepts under the two legal systems. How are mergers and acquisition guidelines presented under both systems.