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Suppose that you have the opportunity to accept two different jobs. The first one pays you $75,000 with certainty and the second one has a 25% chance of paying you $125,000 and a 75% chance of paying you $50,000.
Your utility function is U = Y^0.5.
Which job do you choose? Describe the expected utility versus the expected income.
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If one draws MC curves pre and post innovation as well as the Marginal Revenue line for a monopoly and the MR in a competitive situation.
When the fed raises the federal funds rate, eventually there is.
Organizational behavior-A strong social and physical work context means that environment is supportive. Give real examples of how this works.
Introduce the debate surrounding abolition vs. equality and how it led to the American Civil War. Why were there significant fears about the impact of freed slaves in the North? Who had the most to win/lose?
Suppose a person lives for two periods (working life and retirement) earning $30,000 in income in his working life, during which he consumes or saves for period a. What is saved earns interest of 10% per year. Draw this person’s intertemporal budget ..
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Define the term “institution.” Now, use your definition of this term ,and discuss why the authors of the texts used in this course consider institutions so critical to the the task of closing the gap between rich and poor countries.
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Do you think that monetary policy is easier to make than fiscal policy? Why is one easier or harder than the other? What is the Goal of each of the policies? Are the goals in conflict or complements of each other?
what is the diamonds water paradox and how is it
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