7 which following statement is true or flase with explaination 1. for a cobb douglas utility function, the slope of its income offer curve is constant while the slope of its price offer curve is not . 2. monotonic transformation of a utility function is possible because utility itself ordinal.

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A: utility function is an important concept that measures preferences over a set of goods and services....

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A: Given: Price tag=P 1200 Payable=60 days Discount=3% Paid within=30 days  

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A: Profit is the excess of revenue(TR) over costs(TC).

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A: A perfectly competitive firm is one of many firms that sell homogeneous goods in the market.

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A:

Q: e accompanying table shows data from the World Bank, World Development Indicators, for real GDP per ...

A:

Q: Describe three problems that make the consumer price index an imperfect measure of the cost of livin...

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A: Given: Denmark GDP in 1980 = $90 billion Denmark population in 1980 = 6.1 million Denmark GDP in 200...

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A: Note:- Since we can only answer one question at a time, we'll answer first one. Please repost the qu...

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Q: machine is bought P420,000 with an economic life of 6 years and a salvage value of P50,000.The cost ...

A: To find : Deprecation. 

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A: Bond: It is a fixed income instrument that represents a loan made by an investor to a borrower. We a...

Q: Let (inverse) demand be Pb= 106 - 4 Qb and (inverse) supply be Pv= 19 + 1 Qv. How much producer surp...

A:

Q: The money demand function shows that as the nominal interest rate increases, the opportunity cost of...

A: We know that the opportunity cost of holding money is the nominal interest. The opportunity cost of ...

Q: (Table) Based on the table, what is the average product of the sixth worker? a. 7 b. 8 c. 7.75 d. 8...

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A: Backward induction is used by the Raider to pick takeover at the final decision node.

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A:

Q: Define what we mean by an countercyclical variable and give an example.

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Q: The sample variance is _______. a 8285.94     b 9469.64     c 10521.83     d 11690.92

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A: Cournot duopoly: each firm is trying to maximize its revenue with respect to quntity. We will use be...

Q: If C=0.8Y, I-bar=260, G-bar=200, TR-bar=150, T=0.2Y, X-bar=320 and M=0.1Y, the equilibrium level of ...

A: Aggregate expenditure function AE = C + I + G + X -M => AE = 0.8Yd + 260 + 200 + 320 - 0.1Y =>...

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A: Production Possibility Frontier: It is the curve that shows the various combinations of two goods th...

Q: A developer of high-priced executive tract homes has offered you $1000 per acre for the 500 acres of...

A: GIVEN   A developer of high-priced executive tract homes has offered you $1000 per acre for the 500 ...

Q: Describe three problems that make the consumer price index an imperfect measure of the cost of livin...

A:

Q: Question 4 The COVID-19 pandemic has created a surge of patients going to hospitals, at times threat...

A: During the COVID 19, with the healthcare implications and with the rising demand of the hospital bed...

Q: Q)The inverse demand function for good x is defined by the equation p = 214 - 5q, where q is the nu...

A: Given: inverse demand function: p = 214 - 5q,  inverse supply function:p = 7 + 4q

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Q: Price 68 64 60 56 52 Supply 48 44 40 36 32 28 24 20 16 12 Demand 123 456 7 8 9 10 11 12 13 14 15 16 ...

A: The total surplus in a market is a measure of the total well being of all participants in a market. ...

Q: If two goods were perfect substitutes of each other, it necessarily follows that

A: To find : what happens when two goods are perfect substitutes. 

Q: 2. Which of following statement is NOT correct about standard error? a. the square root of the estim...

A: a. The square root of the estimated variance of cofficient is called standard error. This statement ...

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Q: The Great Migration impacted social and economic structures in both the northern and southern United...

A: To find : How great migration affected social and economic structure in US. 

Q: Evaluate the Quantity theory of Money and how it explains the relationship between inflation  and mo...

A:

Q: Suppose that in a perfectly competitive market, the demand for Frisbees is given by Q=200-2P and the...

A: Equilibrium occurs at the intersection of demand and supply curves, where quantity demanded equals q...

Q: If the marginal propensity to consume increases, we should expect that

A: GIVEN   If the marginal propensity to consume increases, we should expect that Is

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A: In perfectly competitive market, there are many sellers. Goods produced are homogenous which implies...

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A: Given  Demand curve faced by monopolist: Q=P-7120                 ... (1) Monopolist cost function: ...