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What Macroeconomic concepts are driving the Canada Pension Plan enhancements to provide a 1/4 replacement income benefit vs. the current 1/3 replacement income benefit.
If a firm has a production function f(k,l) = 3k0.3l0.5 where r = 8, w = 9, and the price of output = 17, What is profit maximizing level of capital?
Suppose that the initial loan is $19,000 and the interest rate is 1.1% per month. Interest due is paid at the end of each month. $9,500 of the original unpaid balance is to be repaid at the end of months two and four only. How much total interest wou..
What do real interest rates account for that nominal interest rates do not? The level of real GDP is a good measure of economic prosperity, and the growth of real GDP is a good measure of __________. A higher interest rate makes more attractive. Ther..
According to Malthus’s view, which of the following is a consequence of increased population? Which of the following happens when a person buys shares in a mutual fund? Which of the two bonds in each example would you expect to pay the higher interes..
Labor force = number of employed. Labor force = population - number of unemployed. Unemployment Rate = number of unemployed ÷ (number of employed + number of unemployed) X 100.
Assume that each musician could be earning $200 per gig if s/he would become a "portable disc-jockey". If the band produces 8 gigs, what is its economic profit?
Suppose that lin Jun subscribes to the 88 yuan per month plan. (i) How much calling time would she consume? (ii) What would be her total benefit?(iii) what would be her buyer surplus (benefit less charge)?
In the circular-flow diagram, the schematic representation of the organization of the economy.
What’s the case for minimum wage or not? Creative destruction, Porters five forces.
?If, in a? (two-tail) hypothesis? test, the? p-value is 0.1219?, what is your statistical decision if you test the null hypothesis at the 0.08 level of? significance? Choose the correct answer? below?
In this problem, we’ll compare the total-surplus-maximizing advertising level and the equilibrium advertising level in the Grossman and Shapiro model (which we discussed in Wednesday’s class). In terms of X1 and X2, what fraction of consumers receive..
calculate the change in welfare compared to the free market outcome (i.e., in the absence of minimum wages). Is this a welfare gain or a loss?
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