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1. Consider the following economy Ca = 1800 – 15 R; c= 0.65 ; Ta = 1,750 ; t = 0 ; IP = 20 (150 – R ) ; G = 2,100 ; X = 1,800 ; NX = -1,275 . Assume nx = 0.   a) Compute the marginal...

Angie is an avid ornithologist who enjoys birdwatching on the trails in a nature preserve near her house in Boulder, Colorado. For Angie, birds are a good: more birds are preferred to less. Recently,...

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