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How many hours will Bob want to work if his wage rate is less than his reservation wage ____?
a. Graph this situation using the model of labor-leisure choice and explain
b. what would happen to bob's reservation wage if his mother started sending him $1000 each month and was willing to do so indefinitely?
An individual wishes to deposit an amount of money now and $100 every six months so that at the end of five years $1,500 will have been accumulated. With interest at 4% per year, compounded semiannually, how much should be deposited now?
Find the equilibrium given the following demand and supply for oil (in barrels)
q1. compare the unemployment rate in new mexico to the national average of the past four 4 years. compare the trends in
q1. assume the economy starts out at point a. after that the public anticipates that the fed will use expansionary
The financial plan
In the long run, both monopolistically competitive and perfectly competitive firms attain
The long-run aggregate supply curve
Two power plants are currently emitting 8,000 tons of pollution each (for a total of 1,600 tons). Pollution reduction costs for Plant 1 are given by MCR(1)=.02Q and for Plant 2 by MCR(2)=.03Q, where Q represents the number of tons of pollution reduct..
What examples of 1) elasticity, including an explanation of why or how they demonstrate the concept of elasticity; and 2) examples of externalities, again including an explanation of why or how they demonstrate the concept of externalities
The New York Times reported (Feb. 17, 1996) that subway ridership declined after a fare increase: “There were nearly four million fewer riders in December 1995, the first full month after the price of a token increased 25 cents to $1.50, than in the ..
Ponder this immigration reform: US citizens are given the right to sell their citizenship to whomever they choose at whatever price they can get. Someone who has sold her US citizenship is no longer permitted to remain in the US without an appropriat..
In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys.
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