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Is trying to produce as much goods and services as it is possible consistent with the idea of a sustainable economy? Explain
Compare the expected present value of net benefits of US social security for (a) earlier vs. later generations, (b) men vs. women, and (c) people who were married for over 10 years vs. people who were not.
Suppose that you just paid $9.91 monthly interest compunded daily on $1,000 outstanding balance on your credit card.
Please provide a graphical example of what could potentially happen to the number of people employed in an economy if the government were to decide to raise the minimum wage; in addition, provide an explanation of what occurs when the minimum wage is..
How do the concepts of "pricing strategies" introduced in this chapter fit in with the "supply and demand"
Martin Company faces a fixed cost of $600,000; an average variable cost of $2. The unit price of the good sold by Martin Company is $3. To break-even, Martin Company has to produce NEED ANSWER quantity of goods. If the company wants a target profit o..
Robert Reich, former Secretary of Labor in the Clinton administration, makes the point that labor is more mobile than capital. Europeans lead the world in terms of the quantity of genetically modified (GM) foods consumed. A dollar today is more valua..
In the past, some people believed that the Federal Reserve routinely expanded the money supply during presidential election years in order to stimulate the economy and help the incumbent president. For this question, assume that the Fed increases inf..
Both the long-run aggregate supply curve and the short-run aggregate supply curve shift in response to changes in the availability of labor or capital or to changes in technology and productivity.
Suppose you always use your credit card for purchases. Your credit card limit must then be thought of as part of your money holdings.
When a good with equally elastic demand and supply is taxed the incidence of the tax is borne
If the interest rate is 5%, what is the present discounted value of receiving $100 in two years? If the present discounted value of $100 received 3 years from now is $81.63, what is the interest rate?
Assume that the inverse demand function for a two period depletable resource is P =24 – 0.2q and the constant marginal cost of supplying it is $6 (a = 24, b = 0.2, c = 6). What would be the efficient price in the two periods? What would be the margin..
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