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Describe how the budget constraint of a household in a two-period model is affected by each of the following changes. In each case, do you think that the household is better off or worse off, or is the answer ambigous? If ambigous, what does the answer depend on?
a. Period 1 income is lower.
b. The interest rate is higher.
c. Period 2 income is lower, and the interest rate is lower.
Suppose that rich countries surprisingly commit to much higher official aid, to be maintained for several decades. What would be the effect of such aid on?
Utilizing the data, construct limits for x- and R-charts. Explain the process in control. Illustrate what other steps should the QC department follow at this point.
The US cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Under the proposed settlement.
Chua Chang & Wu Inc. is considering its operations for next year, and the CEO wants you to forecast the company additional funds needed
Elucidate policy or policies may be required to ensure the rate of inflation is low
Compute the income elasticity of demand for product below, by using average values for quantities and incomes.
Elucidate in Olipolistic terms, and with graphs, what is really happening. Shoud the US anti-trust laws be invoked in industries like this.
Jim is considering quitting his work and utilizing his savings to start a small business. He expects that his costs will consist of a lease on the building, inventory, wages for two workers, electricity and insurance.
Calculate the yearly approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations?
Suppose that the United States is in the midst of a recession and a new president has just inherited an already large public debt.
Discuss the determinants of varying levels of income. What factors determine a person's wages. In your opinion, do these qualifications always hold true.
Elucidate that the indirect utility fuction of quasi convex function of prices and income
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