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Suppose that a household in a two-period model has income of $30,000 in period 1 and $25,000 in perod 2, and the interest rate is 75%. Assume that the price of the good is $1 in both periods. Suppose that the household decides to consume 26,000 in period 1 and 32, 000 in period 2. Now suppose that the interest rate falls to 50%, and the household decides not to borrow or lend at alll. Is the household better off or worse off with the higher interest rate?
At what sales/output level will marginal costs (MC) reach a minimum and estimate the value of TVC for sales/output level 250,000 units, and calculate the 95% confidence interval for your estimate.
Suppose you are able bodied and intelligent, but lazy. You would rather sit home and watch tv than work, even though you know you could find an acceptable job if you looked. a. Are you officially unemployed b. Are you a discourage worker
The Federal Government announced a tax rebate of $500 for all individuals filing singly
unemployment is very high in large cities of many developing countries as people migrate to cities from rural areas
recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected
Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $42 is imposed in this market.
The summer beach house rental season is June through early September; what will happen to the price and quantity of beach house rentals in New Jersey during the summer season compared to the off-season Is there a movement or a shift, why
Sometimes market activities (production, buying and selling) have unintended positive or negative effects outside the market's scope. TI know that is an externality.
In a meeting about whether to store inventory in a company-owned warehouse or rent a warehouse, a colleague says, "We should use our own warehouse and save the cost of renting one." Do you agree or disagree
a monopolists demand curve is p 400 - 2 q. his marginal costs are represented by mcm acm 40. solve for the
question 1a. what is adverse selection? how does it harm the economic process?b. what is moral hazard? what are its
What are equations for IS and LM curves? What is equilibrium level of income and interest rate? What if mix of fiscal and monetary policies is changed. Te money supply is increased by 100 while government spending reduced by 250:
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