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Microeconomics
Congress passed the CARES Act to provide an economic safety net during the Covid-19 pandemic shutdown. The CARES Act included stimulus checks that were sent to some households. Households with individuals making up to $75,000 received a $1,200 check and households with married couples making up to $150,000 received a $2,400 check. Think about how the savings rate varies with household income and the utility of savings versus spending when answering the questions below.
Question 1. Explain why Congress only sent stimulus checks to households up to a certain income level.
Question 2. Does this program make sense given the fact that there is a severe economic downturn? Why or Why not?
Question 3. Does the particular income limit imposed make sense? Should it be higher, lower, or should there be no limit. Provide an explanation for your answer.
A new airport expansion will cost $850 million. Of the total, $550 million is for land acquisition and major earthworks, which will last as long as the airport.
What is the maximum technical efficiency output level for this firm ? On the diagram above, AVERAGE FIXED COST is the LOWEST at .what Quantity ? On the diagram above, AVERAGE VARIABLE is the HIGHEST at. what Quantity ?
An organization that raises money to provide meals for seniors gives tote. Explain to Sami why giving tote bags could make financial sense for the organization.
Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts.
a software development project at day 70 exihibits an actual cost of 78000 and a scheduled cost of 84000. the foreman
Which method would you use to estimate the parameters of the iden- ti?ed equation(s)? Why?
Draw the budget constraint. What is the area under the new budget constraint?
Graph the firm in long run equilibrium. Be sure to label all of the curves and the profit-maximizing price and quantity.
Gamma Corporation, one of the firms that retain you as a financial analyst, is considering buying out Beta Corporation, a small manufacturing firm that is now hardly operating at a profit. You recommend the buyout because you believe that new managem..
consider the market for frozen concentrated orange juice which is a constant-cost industry. the long-run total costs of
Find the slope and y-intercept, and the equation for each set of information - What is the opportunity cost of a scarf in Beta? In Zeta?
How much aluminum oxide and how much carbon are needed to prepare 644 g of aluminum by the balanced chemical reaction (below) if the reaction proceeds to 78.8% yield?
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