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Fifteen years ago your parents purchased some land with the idea of selling it later to help pay your college expenses. They purchased the land for $100,000. They sold it for $180,000. During the time they held it the price level rose from 80 to 120. If your parents face a 25% tax rate, what was their real after-tax gain? (Hint: What's the real value of the land in current prices?)
List the four assumptions of a perfectly competitive market. What do these assumptions imply about price choices made by perfectly competitive firms?
Assume the federal government runs huge budget deficits today to finance, say, Social Security, Medicare, and other programs for the elderly, and finances.
With a falling price level, what happens to the actual real interest rate? Does your answer depend on what happens to the nominal interest rate? Briefly explain.
An assembly line can produce 60 units per hour. The line's hourly cost is $3600 on straight time (the first 8 hours). Workers are guranteed a minimum of 6 hours. There is a 50% premium for overtime and productivity for overtime drops by 5%. What a..
Suppose a consumer purchases only two goods %u2013 food and clothing. Her preferences between two goods can be represented by the following utility function \(U(x,y)=x^{\alpha}y^{1-\alpha}\) where 0
Describe several major antitrust cases in the United States. How do these laws affect (or affected) your work place or products used at your work place.
Why are disparities of care factored into healthcare strategic planning? Explain your reasoning and provide examples for support where appropriate.
What policy rule do monetarists believe the Fed should follow? What are the major assumptions underlying this policy prescription?
Illustrtae which single type of product has the greatest impact on your employer
Macroeconomics Paper Assignment- "The Role of Foreign Direct Investments on economic development in Four Asian Tigers countries" 1995-2016.
Insurance policies often are a combination of a savings program and life insurance. The individual pays the company, say, $1000 a year; $100 of that goes to cover the risk of his dying during the year, and the remainder goes into a savings program..
Why was the Bill of Rights inserted into the U.S. Constitution? What role did Alexander Hamilton play in the successful development of American government?
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