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Assume a representative agent has a utility function involving consumption and labour supply of the form U=ln(C)-2L^2
(i) The agent is a ‘yeoman farmer', that produces their own output with a production function C=Y=AL^α, where Y is output per head. Derive the optimal level of labour supply, and comment on illustrate what it implies for the relationship between labour supply and productivity growth
Elucidate whether current economic conditions are more consistent with the Keynesian or classical economic theories.
Important information about Equivalent yearly Worth. With an interest rate of 10% per year and given the following estimates, the annual worth of alternative ''F'' is closest to
Illustrate what is the difference among nominal and real quantities and why make the distinction.
Illustrate what should it do in the short run. Restricting the issuance of Federal Reserve Notes because paper money is the largest portion of the money supply.
Suppose if the discount rate for the stock is 12 percent, at what price will the stock sell.
Illustrate what factors have contributed to increased income inequality an economy along with an equitable income distribution may be efficient as well.
As a manager of a financial planning company you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement
You are the manager of a small U.S. firm that sells nails in a competitive U.S. market (the nails you sell are a standardized commodity; stores view your mails as identical to those available from hundreds of other firms).
Find out an article which is related to health economics from health journal. Some possible sources include Health Affairs
If the minimum salaries is set above the equilibrium salary, does this make a shortage or a surplus of labor, or does it create a lower wage rate
What is the main policy message of the AS-AD model, and how does it relate to the 1930s Keynesian revolution in economic theory? What should today's policy-makers assume about the natural rate of unemployment?
Elucidate as accurately as you can how each of the following individuals which would be affected by unanticipated inflation of 10 percent per year.
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