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Suppose the government increases the retirement age to 75. Thatis, workers will not be eligible for full retirement benefits untilthey are 75. What effect will this have on aggregate supply?
If Boeing's dollar aircraft prices increase 20% and the yen /dollar exchange rate decline 15% , what effective price increase is facing Japan air Lines for the purchase of a Boeing 747 Would Boeing's margin likely rise or fall
Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. Your usage of paint drops from 35 gallons a month to 20 gallons a month. Perform the following Compute the price elasticity of demand fo..
Sarah will use the rest of the proceeds of her retirement savings fund to set up a fund from which she plans to bequeath $500,000 to her grand- children on her 80th birthday. Her bequest fund will pay interest of 41 2 percent compounded annually.
Advertising can inform purchaser, but sellers must incur expenses to advertise. If so, advertising can result in higher prices to customers.
Passengers using New York's MetroCard system must swipe the card at a rate between 10 and 40 inches per second, or else the card must be re-swiped through the card reader. Research shows that actual swipe rates by subway riders.
In particular, you love vanilla ice cream, and you love chocolate ice cream, but you love vanilla just a little bit more. Your ice cream utility function is given by U(V,C)=1.5V+C. Assume vanilla ice cream costs $2/gallon.
Assume (as usual) the representative consumer maximizes utility. Find the consumer's optimal consumption and leisure decision. Plot this representative consumer's labor supply function. Would a decrease in the tax rate t affect the optimal amount ..
Suppose that in Canada the government places a $1,500 tax on the buyers of new snowmobiles. After the purchase of a new snowmobile, a buyer must pay the government $1,500. How would the imposition of the tax on buyers be illustrated.
A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal annual interest rate will you be charged
If price of motor vehicles rises, what will happen to the demand of fuel oil In which direction the demand curve for fuel oil will shift with a rise in price of motor vehicles
Britannica gradually saw its market erode. By 1996, its estimated sales were around $325 million, or about one half of its 1990 sales. It decided to enter the digital encyclopedia market as well. First, it started offering on-line access at a rate..
Suppose the consumption function is C = $400 billion + 0.8Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier effects) with ( a ) A $50 billion increase in gov..
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