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Solve the following storage problem under perfect competition. Provide the prices and quantities in each period with optimal storage and compare the net present value to a no storage scenario (use a discount rate of r = 0.05).
Economists are in almost globally agreement that Free Trade is good for all countries. Why are they in such universal agreement.
A local video store estimates their average customer's demand per year is Q = 7 - 2P, and knows the marginal cost of each rental is $0.5.
The trend toward two-family income has led to policies allowing only one family member to work for a company, flexible work schedules, pregnancy benefits, and elder-care programs or else.
Consider now the decision problem of the agents. Let n denote the number of hours per month that an agent works. Write an equation relating n and l. Write the agents budget constraint. Express the budget constraint in terms of c and l. State the agen..
Elucidate the difference between the law of demand and the law of supply. What does the phrase 'other things equal" mean? Why do we need that.
Find the number of physicians to be located in each of the areas if the physicians are income maximizers - Population Index
The maintenance price rose by 6% per year instead of the fixed amount what is the present value of the maintenance costs.
The scenario is that I am going to open restaurants in China. One in Shanghai and one Beijing. These restaurants will serve healthy food such as salads, sandwiches, pizza, soup,
Compute and contrast at least two two-year forcasts from separate sources for two economic indicator.
Assume that you have drawn a total product curve for labor given a specific technology. Now let some sort of technological change increase the productivity of labor.
The budget deficit projections in this chapter include net interest on the debt, which depends on interest rates. Use the loanable funds model to explain what is likely to happen to interest rates and interest payments if the size of the deficit cont..
Describe what effect an expansionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
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