What problems could arise with consumers net demand functions any any price becomes zero? What axiom of consumer theory is involved here? How might it be changed to exclude this possibility?

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What problems could arise with consumers net demand functions any any price becomes zero? What axiom of consumer theory is involved here? How might it be changed to exclude this possibility?

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Given MUx = X, MUY = 4Y, Price of X is 3 Birr per unit and price of Y is also 3 Birr per unit. If the income of the consumer is 1200 Birr, find the amounts of X and Y that the consumer chooses to consume so as to maximize his utility.
Suppose LA.Banana employs workers to harvest bananas. Answer the following questions using the information provided below: Quantity of labour: * 0 labour * 1 labour * 2 labour * 3 labour * 4 labour * 5 labour * 6 labour Units of Output: * 0 banana * 16 banana * 21 banana * 25 banana * 31 banana * 36 banana * 40 banana a.) CALCULATE the marginal product of labor, the value of the marginal product of labor, and the marginal profit ,suppose a fully competitive company, LA"Banana, where wages are fixed at $800 and each banana (output) sells for $20. EXPLAIN how many labors the company should and should not demand based on your answer. b. ) Describe and GIVE SOME EXPLANATIONS about 2 FACTORS that would cause most companies' labor demand to move, as well as HOW THIS WOULD INFLUENCE equilibrium wages and the value of labor's marginal product.
IBM's debt ratio for 2010 is 79.6%. This means that IBM has ______. * 79.6% cents of assets available for each R1 of its liabilities * 79.6% of non-current assets available for each R1ofnon- current liabilities * financed 79.6% of its debt with assets * financed 79.6%of its assets with debt
A monopolist will discontinue production if
An individual is confronted with three commodities x, y and z. Suppose the consumer’s money income is Birr 39 and the marginal utility of each good is independent of the amount consumed of other goods. Using the hypothetical data given below, find the optimum quantities of a consumer. Unit of each good 1 2 3 4 5 6 7 8 9 10 Mux 12 11 10 9 8 7 3 0 -2 -6 MUy 60 55 48 40 27 21 19 18 9 0 MUz 70 60 50 45 30 25 18 10 0 -5 a) If the three goods were “free” or no budget constraint. b) If respective prices are Px= 1 Birr, Py=3 Birr and Pz=5 Birr
Demand function for good x of the form x x=10+M/10p and his original income of of 200 per day rather than the price of good x increased from 3 per unit 25 per unit calculate the total change in demand the income and substitution effect
For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.
Now, assuming the economy is open with government (G) participation and external trade which is summarized as follows; export(X)= 100-0.10Y, import(M)=50, G=100, Taxes(T)= 100 and C, I, M S , M t , and M z the same as defined in (a) above. Calculate; i. The equilibrium income and interest rate in this new economy. (2 marks) ii. The level of C, I, M t , and M z when the economy is in equilibrium (4 marks) iii. Assuming capital is perfectly mobile in this economy, graphically sketch the IS-LM- BOP frame work of this economy. Comment on the balance of payment situation in this economy. (2 marks) iv. What exchange rate policy should government implement in (iii) to enhance income and why?