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?

If the supply of aisle seats and middle seats on an airplane is the same, but the demand for aisle seats is greater than the demand for middle seats, then the equilibrium price of aisle seats will be less than the equilibrium price of middle seats. true false

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Select the correct answerwhat is the responsibility of each of the twelve federal reserve's banks in their districts? a.they set the prime rateob.they monitor functioning of banks in their through onsite and offsite reviewsc.they assess taxes in their destnictd.they write fiscal policies