(8 points) Consider a Hotelling model, similar to the one in class, with travel cost t, consumers located uniformly along interval [0,1], each consumer willing to buy exactly one unit of product, rms producing at marginal costs c. However, instead of locating at the ends of the interval, rms are at points 1 4 and 3 4 . Solve for an indifferent consumer, and rms' equilibrium prices and pro ts.

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?

Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.

What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit