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Question: Suppose you have a wealthy aunt Your aunt dies and leaves you a great deal of money (potentially). When you attend the reading of the will, you discover that she has bequeathed her millions to a "family incentive trust." As the lawyer reads the will, you discover that you only get the money if you get married, have children, stay with your spouse and raise your children, don't become dependent on drugs or alcohol, and if you continuously have a full-time job. (Note: Family incentive trusts are real and becoming very common.) What does this evidence suggest about the slope of the labor-supply curve? Explain.
Furthermore, suppose the government runs a balanced budget (that is, G - T + TR = 0) and collects $300 in tax revenue. Firms spend $55 on new capital and capital inflow equals $15. Income equals $450 and $220 of that income is spent on consumpti..
Suppose there continue to be five fringe firms but that each manages to reduce its marginal cost to MC = 20 + 2q. How does this change your results?
What is the MRS at any point if x is a neutral good? Explain why. If the good on the y axis was a neutral good and the other good was a regular good.
The Financial Services Modernization Act a. reinforced the Glass Steagall Act b. prevented mergers of banks c. eliminated barriers between banks, brokerage houses, and insurance companies
Summarize the main points of the article in your own words to the best of your ability. If you desire, include your thoughts on article in final bullet points.
This reading finishes the book Nobodies. Author John Bowe finishes his examination of Saipan and the Northern Mariana Islands with an extended look at some aspects of the island realities; then in a concluding chapter he meditates on on what it all ..
Suppose you are a manager of a factory and purchased five new machines at one million dollars each. You can sell two of the machines for $500,000 each and three of them at only $200,000 each. What is your sunk cost?
Question - Explain, providing appropriate examples, why car manufacturers are constantly introducing new models
What are the positive aspects of the strategy, mission, and organizational structure? What are the company's short-term and long-term goals?
Take daily notes on the behaviors and focus specifically on behaviors have to do with your selected stage. Does it seem like the behaviors align well with the theory?
Draw a production possibilities curve among health and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient health system. Insert two additional points that illustrate two efficient economies, but two that co..
How does your saving and spending profile change depending on the state of the economy, i.e., whether the economy is in a recession versus expansion?
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