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Suppose in an overlapping generations model, two goods are produced. The young can produce both goods while the old can produce none. a) Assuming that both goods depreciate completely at the end of each period and there is no money in the economy, what is the optimal allocation for the young and old generations? b) Is this Pareto optimal? c) Suppose one of the goods only depreciates at 50%. What are the new allocations?
Two of the major macroeconomic measures that tell us how 'healthy' the economy is are "the unemployment Rate" and "the rate of Inflation". How do they matter to you as an individual who is part of this economic system
think of two examples of pure monopoly in the real world-one of a public good and one of a private good. then with
An unmarried taxpayer with no dependents expects an adjusted gross income of 70,000 in a given year. His non business deductions are expected to be 6000. What will his federal income tax be?
you are given the following scenarios for considerationscenario 1 assume that the government imposed a price ceiling on
Identify the extent of safety issues in Canadian hospital care. Describe strategies that might be put in place to improve safety?
A company uses two variable inputs, labor (L) and materials (M), to produce its output. At the companys current level of output: CL = $10 / unit MPL = 25 CM = $2 / unit MPM = 4 a. Decide whether the firm is operating efficiently, given that its objec..
if a competitive firm is currently producing a level of output at which profit is not maximized then it must be true
Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725.
nbsphelen makes cheesecakes using equipment that she rents for 30 and cheese and butter that cost 4.55 a cake.nbsp she
if the inverse demand curve is p 120 - q and the marginal cost is constant at 10 how does charging the monopoly
To some people technology seems very complex. If people perceive technology as too complex , they may not buy the products with the complex technology . How can a business overcome customers real issues concerning technology complexity.
A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $108,937 million in the first year, but will decline by $2,295 million every year for th..
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