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Question 1: Gary Jones was an employee of ABC Corporation for 25 years. John Smith, the president of ABC told Gary that since he was an excellent employee, the company will give him a bonus of $15,000 when he retires. Two years later, Gary retires but does not receive the bonus. Was John Smith's offer enforceable? Why?
Calculate the real income in 2000 and in 2016. What is the percentage increase in the cost of basket? What is the percentage increase in the salary. Calculate the salary in 2016 that maintain the purchasing power of 2000.
Consider the following two good pure exchange economy: Alfred's utility function is U A (x, y) = min{x, y} and Bob's utility function is U B (x, y) = max{x, y}.
You worked for extra pay on a holiday and therefore missed out on your neighbors’ barbeque. People face trade-offs. You had to miss the barbeque to get something else that we liked.
if demand for milk is inelastic, but there is an increase in supply, what would happen to milk prices and total revenue of milk salesif floods destory a corn crop and i wanted to estimate the impact of the decrease in the supply of feed crops on t..
What are the reasons why the aggregate demand (AD) curve slopes downward.
a. Briefly explain why the short-run aggregate supply curve slopes upward. b. What might cause a decrease, i.e. a shift back, in short-run aggregate supply. Give, and explain, at least one cause.
Show a graph of the supply of the supply and demand curve for Money and make sure you correctly label the horizontal and vertical axis (what is it) is above equilibrium, what is the adjustment mechanism that will bring us to equilibrium
Describe the two key tools of monetary policy, and explain how they would be used by the Bank of Canada to implement a contradictory monetary policy.
An upscale bistro in a small town charges higher prices for the same menu items at dinner time than at lunch time. Does the bistro necessarily practice price discrimination? Explain your answer. What is the social cost of a monopoly? Explain.
What are the linkages between investments on health and education.
Consider the case of a regulator and a single polluter. Suppose the regulator knows the marginal damage from pollution but is unsure about the firms marginal savings from emitting. The regulator asks the firm to reveal its marginal savings from em..
part a1.describe three 3 ways we can use macroeconomic analysis with one 1 original example for each way.2.you are
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