QUESTION Suppose that you are an owner of a company that produces a special weight-loss over-the-counter medicine in a monopolistically competitive industry. The demand and the total cost for your medicine per day are given by the following table. Quantity Demanded Price Total Cost 1 68 70 2 66 80 3 64 85 4 62 […]
Date: September 2nd, 2020
QUESTION Assume that you were ready to buy a custom tailored dress (or menâs suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. When you arrive at the tailor shop, the posted price for […]
Date: September 2nd, 2020
QUESTION Why would neoclassicists expect rising productivity to lead to higher wages? Has higher productivity actually led to higher wages? ANSWER: REQUEST HELP FROM A TUTOR
Date: September 2nd, 2020
QUESTION 1) Why might improvements in children’s public health care services lower fertility?2) Explain what is meant by urban bias. What are the major effects of urban bias?3) Generally speaking, higher income countries tend to have less income inequality than low income countries, however this does not always hold true. What could cause a low […]
Date: September 2nd, 2020
QUESTION Suppose Mr. Macleod likes to consume wine. He has the option to consume two different products, 1 liter of red wine (x) or 1.6 liters of white wine (y). x and y are perfect substitutes. Each liter of wine gives Mr Macleod 1 unit ofutility.(a) Write down Mr. Macleod utility function.(b) Consider px = […]
Date: September 2nd, 2020
QUESTION Review Problems for Test 21. Which of the following are Hermitian operators?(a) XPy(b) XPx(c) HX(d) XPx X2. Evaluate the expectation value of Lx and L2 in the statey1 + 2i|ψ = √ |2 − 111z2+ √ |1011z3. An angular momentum system with l = 1 is prepared in the state1|ψ = √ |1114z3− √ […]
Date: September 2nd, 2020
QUESTION Mr Macleod likes to drink wine. He has the option to consume two different products, 1 liter ofred wine (X) or 1.6 liters of white wine (Y). X and Y are perfect substitutes. Each liter of winegives Mr Macleod 1 unit of utility.a) Write Mr Macleod utility function.b) Suppose that Px=5. Calculate the Marshallian […]
Date: September 2nd, 2020
QUESTION Although we often think of the United States has a capitalist country, the U.S. clearly is a mixed economy, meaning that elements of both capitalism and socialism are present. What are the number of prominent social programs in place in the United States? ANSWER: REQUEST HELP FROM A TUTOR
Date: September 2nd, 2020
QUESTION What is the new pressure of the gas? What is the new volume of the gas?What is the new temperature of the gas? You have gas in a container with a movable piston. The walls of the container are thin enough so that its temperature stays the same as the temperature of the surrounding […]
Date: September 2nd, 2020
QUESTION Discuss the relationship of politics to economy and compare both views with capitalism and socialism using China and the United States as examples. ANSWER: REQUEST HELP FROM A TUTOR
Date: September 2nd, 2020
