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1. Discuss how time inconsistency and myopia cause people to make a suboptimal long run decision.
2. Name 3 self control problems.
Discuss the relationships between total cost, output, and the price of labor and capital. Provide examples that illustrate how the prices of inputs affect managerial decisions. Consider, in particular, the current market for fuel and its implication ..
Eggebeen et al. (2010) found that men who at some point in their lives as fathers are more likely to have altruistic social relationships and be involved in community service organizations. The result was reported in the popular press (Jacobs 2009) a..
At the beginning of the year, an audio engineer quit his job and gave up a salary of $ 175,000 per year in order to start his own business, Sound Devices, Inc. What are the total explicit, total implicit, and total economic costs in 2011? What is acc..
If you were desinging such an amendment, do you think it would be better to require that the actual budget deficit be kept at zero each year, or should the aim be only to keep the structural deficit at zero? Discuss.
What is the required reserve ratio? if the fed increases the reserve requirement from your answer to part a to 10 percent, explain verbally and show numerically what will happen to:
Give an example of Company that using Design Thinking for a research strategy, what is the result and the impact by using design thinking. pls give an image illustration.
Draw a graph with “hours of typing” on the horizontal axis and “hours of filing” on the vertical. Do your indifference curves slope upward or downward? Why? Would you expect the indifference curve to be steeper or shallower at points that represent a..
Analyze how a bartender would know which the price of an exotic drink was too low or too high.
Earl sells lemonade in a competitive market on a busy street corner in Philadelphia. His production function is f(x1, x2) = x1^1/3 x2^1/3, where output is measured in gallons, x1 is the number of pounds of lemons he uses, and x2 is the number of labo..
Consider an economy that begins with output equal to its natural level. Suppose the economy experiences a negative shock to the banking system. (a) Use the AD-AS and IS-LM models to show the effects of the shock on the AD, AS, IS, and LM curves. Be s..
Suppose you have $66,000 to invest. You’re considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $100 per share. You notice that a put option with a $100 strike is also available with a premium of $6.6. Calculate your per..
In country V, the government is the monopolist that produces all iron. What does the monopolist control to maximize its profit? Write down the profit as a function of quantity. Find the Marginal Cost and Marginal Revenue functions. Calculate the cons..
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