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If a guy live in two period, the wage for first period is $8, and the wage for second period is $10, Should he work more hours in the second period than in the first period?
Consider the "Beauty Contest" or guessing game experiment. Everybody picks an integer between 0 and 100 inclusive, and the winner is the person who picks closest to 2/3 of the average pick. a) What picks are ruled out by the idea of one level of it..
What is the real wage as determined by the price-setting equation and what is the natural rate of unemployment?
A copy company wants to expand production. It currently has 20 workers who share eight copiers.Copiers cost about twice as much as workers.
1. How many glasses of brandy and cigars are consumed during andevening 2. Now the sum of brandy and cigars consumed in the day isless than or equal 5. What's the optimal consumption under this constraint
Use this information to calculate the price elasticity of demand for Model T Fords. Use the midpoint formula in your calculation.
Ellucidate in words the effects of the rebate on supply and/or demand and its effects on quantity and price.
The Bureau of Labor Statistics reported and total number of unemployed workers.
What condition holds when the firm is maximizing profits? Explain in words what the math of the answer means. (b) What conditions do the functions R(Q) and C(Q) have to satisfy for you to know that the quantity Q* that satisfies the condition in (..
Suppose the simple spending multiplier equals 10. Estimate the size and direction of any shifts in the aggregate expenditure line, the level of real GDP demanded,
If the average person drinks two bottles of water per day or uses 5 gallons per day in getting that amount of water from the tap. what are the present worth values of drinking botled water or tap water per person for 1 year.
You are a financial adviser to a U.S. corporation that expects to receive a payment of 40 million Japanese yen in 180 days for goods exported to Japan.
Illustrate fiscal policies also monetary policies which would be appropriate at this time.
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