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An insurance company is offering to sell an annuity for $20,000 cash. In return the firm will guarantee to pay the purchaser 20 annual end-of-year payments, with the first payment amounting to $1100. Subsequent payments will increase at a uniform 10% rate each year (second payment is $1210; third payment.
Suppose the labour market in the house cleaning industry in Quebec City can be described by the following demand and supply equations: LD = 400 - 10w and LS = 40 + 20w. Calculate the equilibrium wage and employment if the market is free.
What are the characteristics of a pure monopoly market structure? How does a monopoly acheive and maintain its monopoly from other firms? Why is marginal revenue less than the selling price for a monopoly? Why is monopoly considered to be the most in..
The purpose of the Consumer Product Safety Commission is: Regulation is more likely to be effective than litigation at deterring a company's harmful (negligent) behavior if: Innocent misrepresentation:
The absolute value of Mars' MRS at his current consumption bundle is strictly greater than 2. Mars has convex preferences. Which of the following statements is (are) true? Justify your answer graphically.
Illustrate what is area of employment why has this shift occurred in illustrate what direction would shift in labour supply and demand go. Illustrate what would be its effect on equilibrium of labour market.
What does productive efficiency mean? How is it represented on a production possibilities curve? How do we determine if someone is unemployed?
Suppose s is some string that has been created inside main, and suppose s.length() is greater than 3 (so s has more than 3 characters).
You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows..
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demand or each the following values of the MPC. Then calculate the change if the gove..
Suppose that there is an increase in the number of ATM machines in service. In the monetary intertemporal model, what are the current effects on aggregate output, employment, the nominal interest rate, and the price level? Please draw graphs and expl..
Suppose Ernie gives up his job as financial advisor for P.E.T.S., at which he earned $30,000 per year, to open up a store selling spot remover to Dalmatians. He invested $10,000 in the store, which had been in savings earning 5 percent interest. This..
Explain why velocity of money systematically tends to increase in periods of robust economic expansion. What is the effect on velocity of money if the following occurs? Banks begin to pay high interest rate on deposits. Great uncertainty is created a..
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