Economic resource allocation problem

Economic resource allocation problem

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Reference no: EM13688804

Explain how the decision of how much time to spend working a homework assignment can be framed as an economic resource allocation problem.

Reference no: EM13688804

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What was jeans nominal rate of return on this investment : Suppose that Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $315,000.

What is then the real interest rate : Currently the expected yearly inflation rate in U.S. is a bit less than 2.0% but let’s assume for simplicity that it is equal to 2.0% (which was also very close to the actual, as opposed to expected, inflation rate in 2012 in U.S.).

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Calculate the net change in producer surplus : The market for Sugar beet is in equilibrium at P = $15 and Q = 229995. The price elasticity of demand is -1. The price elasticity of supply is 0.6. Now assume that the government imposes a quota which reduces supply to 183,996

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