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Assume that you never carry cash. Your paycheck of $1,000 per month is deposited directly into your checking account on the first day of the month, and you spend your money at a constant rate so that at the end of each month your checking account balance is zero.What is your average daily money balance for the month?
How would each of the following changes in assumptions affect your average monthly balance? Be specific with your answers.You are paid $500 twice monthly (1st and 15th) rather than $1,000 each month.
You are uncertain about your total spending each month.
You spend a lot at the beginning of the month (e.g., for rent) and little at the end of the month.
Your monthly income increases.
Elucidate economic school of thought does Obama base his economic prescriptions? Detractors accuse him of some leaning towards socialism. However, Obamanomics is simply "Keynesian Economics".
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
In the light of the Ricardian model, how might you evaluate the claim by developing nation that they are at a disadvantage in trade with powerful industrialized countries.
Illustrate what are the pros and cons of performing an engineering economic analysis
Explain why does the United States have an absolute advantage in both goods. Which country enjoys a comparative advantage in food.
According to a recent article in the Wall Street Journal, side-impact crashes are among the deadliest, accounting for nearly 10,000 deaths per year.
Do such technological advances contradict the law of diminishing marginal returns
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
Illustrate and discuss the questions that emerged from Walras research strategy.
Compute the point price elasticity of demand for bearing grease.
Elucidate how policy would achieve economic growth, and at the same time engage in poverty reduction.
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