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Question
Suppose that instead of receiving the stipend in the first year, the college grad will receive the stipend in the second year. However, the stipend will be $55,000 rather than $50,000. What is his consumption in the first year if the interest rate is 10%?
Calculate the effective annual rate, or EAR (annual percentage yield).
What is the difference between a proportional tax and a progressive tax? What are the problems of progressive taxation as a means to achieve greater equality in income distribution?
-Mr. Zaid has a choice between receiving Rs.1,000,000 from his great-uncle one year from today or Rs. 900,000 from his great-aunt today.
Which type of approach does the Environmental Protection Agency take toward resolving externality problems? To maximize social welfare when there are no externalities, __________ must be equal to __________.
Explain what MRS12 is (without referring to indifference curves.) Then, explain why the consumer's utility is not maximised at a point where MRS12 > p1/p2.
What are the main reasons for the existence of financial intermediaries? Define asymmetric information. What is the Asymmetric information problem of lending? Discuss the adverse selection and moral hazard problems of lending.
Until the 1977 Supreme Court decision in Bates v. State Bar of Arizona, all states prohibited advertising by attorneys. That decision gave constitutional protection to an attorney’s right to advertise the availability of their services and the fees t..
How effective has crimmigration been?
Which firm would you expect to make the lowest profits, other things equal?
Why would one be unable to associate particular amounts of calendar time with the concepts of market period, short-run period, long-run period and historical period ? List as many reasons as you can why the low of diminishing retunes or variable prop..
Familiarize yourself with the historical evolution of OS. Select 2, and then talk about them in terms of various aspects.
Identify your fixed and variable costs at your fast-food restaurant, and explain the changes to each of these costs given the increased demand.
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