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The present value of working in Puerto Rico is PVPR = (1 + r)WPR/r, and the present value of working in the U.S. is PVUS= (1 + r)WUS/r. Suppose WUS = $46,000, WPR = $21,000, and r = 0.05. For a Puerto Rican who is indifferent between working in the U.S. and working in Puerto Rico, what are the migration costs from moving to Puerto Rico to the U.S.?
Show on a supply-and-demand diagram and explain in words what will happen to the Canadian exchange rate compared to the foreign exchange rate when the world demand for lumber, wheat, and paper increases.
Assume that the demand for textbooks is perfectly elastic. How would a decrease in the supply of textbooks change the equilibrium price and quantity in the market? Assume that the supply curve is upward-sloping as usual.
1. Identify 3 businesses, corporations etc. which you feel most closely fit the definition of a monopoly. Be sure to include the 2 criteria that must be present to have a monopoly.
Consider an example of human technology interface in healthcare from clinical technology to administrative or electronic data.
What is your expected utility if you reach your sales goal 50% of the time? b.Suppose the sales goal was lowered so that you meet it 60% of the time.
The main goal for the system is to detect adversaries in a company network.
The Federal Reserve chairman acknowledged the economy was in a recession. What actions might the federal government take to give the economy a boost?
Cross-rates allow you to calculate a third exchange rate from two that are known and that have a common currency. The method requires that you set up the cross-rate multiplication so that the common currency is canceled out.
Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior.
Describe the difference between Economic contraction and Economic expansion
Compare an $80,000 median family income in 1980 to the same income in 1990, 2000, and 2010. What are the differences in the available products? What are the differences in the quality of those products? Considering this, in which of those years would..
Suppose the market for good X has a four-firm concentration ratio of 0.50. Furthermore, assume that total sales in the industry are $1.2 million. Based on this information, we know that sales for the largest four firms in the industry equal (in aggre..
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