Consider the following pure-exchange economy with two consumers and two goods. Consumer 1 has the utility function u1(x11, x21) = log(x11) + log(x21) and the initial endowment vector, (A, 0), where A is a positive number. Consumer 2 has the quasi-linear utility function u2(x12, x22) = x 1−α 12 1 − α + x22 and the initial endowment vector, (0, B), where B is a positive number and α is a parameter of the utility function satisfying α > 2

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?

How is challah bread made? if i have to dabble the recipe?

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)