Consider an exchange economy with two agents, A and B, and two goods. Agent A has preferences U A(x A, yA) = x A + αlnyA and starts with an endowment consisting of α units of good x and α units of good y. Agent B has preferences U B(x B, yB) = x B + βlnyB and starts with an endowment consisting of β units of good x and 1 unit of good y. (a) Determin agent A’s and agent B’s demand functions for each good. (b) Find the Walrasian-equilibrium price and allocation. (c) What would be the Walrasian-equilibrium price and allocation if agent B only has β/2 units of good x and zero units of good y?

The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year