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What is the magnitude of the vector P?
What is the magnitude of the vector P?
What is the market demand equation for the cartel?
What is the market demand equation for the cartel?
If the profit maximization condition for the cartel is MR = MC₁ = MC₂, what are the marginal cost functions for the two firms?
If the profit maximization condition for the cartel is MR = MC₁ = MC₂, what are the marginal cost functions for the two firms?
If the price of good X is $4, the price of good Y is $2, and the consumer's income is $200, what is the budget constraint equation?
If the price of good X is $4, the price of good Y is $2, and the consumer's income is $200, what is the budget constraint equation?
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If the consumer's utility function is given as u = 5x⁴y², what is the marginal rate of substitution of Y for X (MRS_x,y)?
If the consumer's utility function is given as u = 5x⁴y², what is the marginal rate of substitution of Y for X (MRS_x,y)?
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Given C = 2000, G = 500, T = 400, NX = 200, and Yd = 0.25GDP, what is the value of GDP?
Given C = 2000, G = 500, T = 400, NX = 200, and Yd = 0.25GDP, what is the value of GDP?
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