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Presume that you make a series of annual deposits into a bank account that pays 10 percent interest. The initial deposit at the end of the first year is $1,200. The deposit amounts increase by $500 in each of the next five years. How much would you have immediately after the 6th deposit?
Suppose that Omar’s marginal utility for cups of coffee is constant at 1.5 utils per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is 10 for the first doughnut he eats
Identify the following components for a lesson you might want to teach intended grade level for instruction
sam currently earns 30000 per year. the governments is considering a policy that would increase sams income by 12 but
What role do monetarists believe the government should play in the economy and why After that has been discussed, What do Keynesian and New classical economists believe about macroeconomic policy. Which role of thinking do you think you would fit ..
The marginal cost pricing model computes a mark-up over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?
timmy tyler 52 years old was fired by his employer university tool and dye. after he was fired timmy received a letter
one reason for government intervention in the economy is to discourage the consuption of goods which have negative externalities. Carefully explain why and the extent to which these goods should be taxed.
A new competitor enters the industry and competes with a second firm, which had been a monopolist. The second firm finds that although demand is not perfectly elastic, it is now relatively more elastic.
The price of capital, labor and materials are r, w, and m respectively. (1) In the short run, the amount of capital is fixed at k=k0. What are the conditional demand functions for labor and materials in the short run? (2) what is the short run total ..
Which country has a comparative advantage in producing fish? Explain why. Suppose that trade takes place between Kiribati and Tuvalu. Which good will Kiribati import from Tuvalu? Explain why.
the government provides national dental benefits for all U.S. citizens that cover 100% of the cost of all dental services. There are two effects of this policy. First, there will be an increase in the number of consumers of dental services. Second..
Initially, Michael has 10 candy bars and 5 cookies, and Tony has 5 candy bars and 10 cookies. After trading, Michael has 12 candy bars and 3 cookies. In an Edgeworth box, label the initial allocation A and the new allocation B.
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