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Question: Suppose Jane has 3 years of college, Pam has 2 years of college, and Mary has 1 year of college. Jane earns $21 per hour, Pam earns $19 per hour, and Mary earns $16 per hour. We know their abilities are the same, and the difference in educational attainment is completely due to different discount rates. How much can the available information tell us about Jane's, Pam's, and Mary's discount rates?
These multiple choice problems belong to Economics. The first problem is about comparing monopoly and competitive firm and the second problem is about the market where no long run economic profits and barriers exist.
Suppose a worker chooses consumption, C, and leisure, l, to maximize the utility function U(C, l) = α((C- γ)ρ -1/ρ) + ((l- γ0)ρ_0-1/ρ0). Suppose ρ = 0. Derive the Marshallian labor supply curve
Explain how the following factors affect the dollar's exchange rate under a system of market determined exchange rates: tariffs and quotas placed on u.s. import
You have a big exam tomorrow. You were planning to study tonight, but your friend has tickets to a concert and has invited you to join her.
peter higgins is a sales agent for xzy company. he has an effort cost function of c e2 and a reservation wage of 1500.
The BP oil spill did cause a lot of harm. There is ample evidence for that is easy to uncover. Who or what organization benefited from this BP disaster?
Describe the cutthroat competitors reasons for not increasing or decreasing his price, thereby accounting for the kink in his demand curve.
How the economy works and why the idea of limited resources is such a major concern in today's economy
In problem #51, assume L = 500,000, i = 4 %, m = 12, and P = 4,200. Find the balance of the pension fund after 8 years. How long will the fund last?
Dean bought a $26,000 bond that has interest rate of 8% per year payable semiannually, 3 years ago. The bond has a maturity date of 12 years from the date.
Analyze the Baumol hypothesis about the effects of unbalanced growth. Support your answer with diagrams.
Describe the types of economic development programs that are being conducted in your community - Analyze the actors involved in the economic development programs.
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