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What if you were placed in charge of a correctional institution that has been plagued by a high turnover rate and an undereducated staff? What steps would you institute to address these problems? Explain.
Suppose that the government imposed a $1 tax each time someone used an ATM.
Bernice’s preferences can be represented by the utility function, U(x, y) = min{x, y}. She faces prices ($2, $1), and her income is $12. If prices change to ($3, $1), the compensating variation
Large number of independent loan prospects are available, each paying return of $16 on $100 with probability of 1/2 and 1/2 of $4 return. Each saver in economy derives happiness from income according to: H= I^(1/2) Competition between banks so each h..
Many colleges sell special cards that students can use to purchase everything from textbooks or meals in the cafeteria to use of washing machines in the dorm. To replenish a card's money, a student makes a cash deposit that is credited to the card. W..
The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
The hypothetical economy of Betania is in short-run macro equilibrium with RGDP equal to $5 trillion. Assume the MPC in this economy is .9. Suppose the government in Betania increases its purchases by $100 billion and finances this increase in spendi..
An increase in the interest rate is expected to cause the optimal level of human capital investment for an individual to:
Assume that policy makers are pursuing a fixed exchange rate regime. Now suppose that the foreign interest rate falls. Discuss what policy makers must do to maintain the pegged exchange rate. Also discuss what effect this will have on domestic output..
Consider data on U.S. Refrigerator sales from 2009. The market shares of the top 4 firms was 12% for Sears, 9% for Lowes, 5% for Walmart, and 3.5% for Home Depot. Firms 5 through 25 combined summed to 20.5%m and all other independents outside the top..
Which of the following is NOT a component of GDP?
Assuming the policymakers do nothing, use the diagram below to show the effects of the consumer pessimism on aggregate demand.
Illustrate what is the marginal income for each 10,000 increase in the quantity sold. Illustrate what recording fee would you advise Johnny to demand from the record organization.
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