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Here is the Reflection question on this week's content.
Show the effect of a small increase in the interest rate on the intertemporal budget constraint. Assuming standard preferences for current and future consumption (as shown in Figure 11.4), what will be the effect of the increase in r on the savings r..
Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry). Assumed in perfect competition. Not assumed in perfect competition.
Question 1. Would you say that price of fuel is a fixed or variable cost for an airline?
Draw the Lorenz curves of the income distributions (Hint: before and after curves must cross).
You invest in a fast food restaurant on Rt. 13 in Dover, Delaware (Hey, it seemed like a good idea at the time). You were required to invest $300,000. One year passes. You decide to sell your business. During the year you were paid $25,000 as your % ..
Many people believe politics should not play a role in science, but once government funds science, the funding decisions become political.
What effect does devaluation have on a nation's currency? can you think of a country that has devaluated or revaluated its curreny? what have been the results? what effect does a countrys economic have on international business?
Provide two specific real-world examples of GDP limitations. Given the limitations of GDP, is GDP a reliable indicator of the health of the U.S. economy? Explain why or why. Be sure you discuss the intended uses of GDP, that is, why the U.S. Departme..
The marginal cost of production is $30. Which product should go to the retail market and which should go to the wholesale market? What are the corresponding retail and wholesale prices? What would happen if the sales are switched from the retail t..
Describe a situation where maximizing "expected utility" and maximizing "expected value" are equivalent.
The company you work for asks you to recommend whether their Mercedes truck should be replaced now or kept in service for an additional 10 years.
If crime, violence, or deviance were proven to be caused by one or more of the biological or psychological theories discussed within this unit's reading
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