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Question: You have a constrained resource to use over two periods. Suppose that you find your marginal net benefit in period one is 10. Your marginal net benefit in period two is 5. Your discount rate is 25%. Are you using the resource efficiently, if so explain. if not how should you shift consumption between the periods?
Jean views coffee and cream as perfect complements. In the first period, Jean picks an optimal bundle of coffee and cream, e1. In the second period, inflation occurs, the prices of coffee and cream change by dif- ferent amounts, and Jean receives ..
How do I construct a composite index? Please show work so I can understand the concepts and apply them on my exams.
Indicate what the likely effect would be on the unemployment situation in South Africa if the minimum wage rate is set above the equilibrium wage rates
the ppf curve shows the economic choices a country can make about production given scarce resources a given technology
It describes three key inputs (or factors of production) and fixed and variable costs involved in the production of your chosen product or service.
How do different leadership styles and models contribute to an individual's motivation? Based on your leadership evaluation, what motivates you?
consider a perfectly competitive market in long-run equilibrium where all firms operate under the same cost conditions.
Compare the determination of price in two different market types: a perfectly competitive market and a monopoly. Evaluate your argument.
It has been reported that tobacco companies are making a massive advertising effort in Asia. A few years ago only 7% of Chinese women smoked (compared to 61% of Chinese men). How would a health psychologist go about studying the health effects of ..
Solve for firm Topo's best-response function, qT = RT(qG). Also solve for firm Gigio's best-response function, qG = RG(qT). Show your derivations.
What is the present value of the following annuity: $4489 every half year at the beginning of the period for the next 5 years discounted back to the present at
Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change Does your answer depend on the marginal propensity to consume
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