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Task: Research the following questions, and then write a 2-3-page research paper that answers all questions, with citations. Watch “Fed Head” by going to www.wetheeconomy/films/. You should inc ...

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###### Econ103 Principles of Microeconomics

Julia likes to have waffles and orange juice for breakfast. Waffles cost \$3.00 each and a glass of orange juice is \$2.50. Shehas \$15.00 to spend on breakfast. A. Draw a graph showing Julia’s b ...

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### Question

Tom decides to be a collector of Ancient Greek (g)and Ancient Roman(r)coins.He wants to have matched sets of three Greek coins and one roman coin,and he doesn'want to have any Greek coins or Roman coins that are not in a matched set of this size.(a)(1point)Draw Tom's in dierence curves and write his utility function.Put Greek coins on they axis and Roman coins on the x axis.Assume he receives utility of 3 utils from each matched coin set he has.(b)Currently,Tom has 32 dollars to spend.The price of Roman coin is pr= 2 and the price of Greekcoinispg= 2.What is the optimal allocation
of Greek and Roman coins for Tom? How much utility does he achieve from this allocation?

### ECON391 Equilibriumin Market Economies

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## More ECON391 ECON391 Equilibriumin Market Economies: Questions & Answers

Q

Choose any One of the topics from the following list:•    Micro economics – study of individual behaviour – individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry in Australia from this list and discuss the reforms been don ...

Q

Task: Research the following questions, and then write a 2-3-page research paper that answers all questions, with citations. Watch “Fed Head” by going to www.wetheeconomy/films/. You should incorporate data or information from other sources into your research, including films, books, articles ...

Q

Many "monopolies" exist in the United States. Please research a monopoly of your choice and explain why this monopoly exists and its impact on the market. ...

Q

Julia likes to have waffles and orange juice for breakfast. Waffles cost \$3.00 each and a glass of orange juice is \$2.50. Shehas \$15.00 to spend on breakfast. A. Draw a graph showing Julia’s budget set/constraint (i.e. her consumption set and frontier). Put the number ofwaffles on the vertic ...

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