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1. Consider an individual who is planning his consumption over ?ve periods during which he expects his income to be 4, 10, 16, 12, and 8.
2. What is his permanent income?
3. What is his marginal propensity to consume out of a temporary increase that boosts ?rst period income to 6?
4. What is the m.p.c. if the income increase of 2 is expected to continue into period 2?
5. What is the m.p.c. if the income increase of 2 is expected to continue for every pe- riod of the consumer's life?
Cher's marginal rate of substitution of necklaces (N) for earrings (E) is 5 (MRSEN = 5). Cher should own 5 times as many necklaces as pairs of earrings. The slope of the indifference curve is 5 and thus upward sloping.
Which statement best characterizes Adam Smith’s concept of the “invisible hand”. Those who don’t work shouldn’t eat or else.
1. Which of the following would you expect to decrease the demand for tennis racquets? a. A decrease in the price of tennis balls which are complements in consumption of tennis racquetsb. An increase in the supply of tennis racquets
List the four major areas (audience analysis; objectives and budget; issues; and research) and explain how an organization designs a program around these four influences.
A patient visits a clinic. She incurs $10 in travel costs and has a copayment of $20. The clinic’s total charge is $60. The clinic spends $9 to bill the insurance company for the visit and uses resources worth $51 to produce the visit
What is the current minimum wage in the U.S and what is the minimum wage for workers who receive tips
1. The impact of currency fluctuations on international operations.
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling
Suppose that the capital investment of Alternative 1 is known with certainty. By how much would the estimate of capital investment for Alternative 2 have to vary so that the initial decision based on these data would be reversed? The annual MARR is 1..
What is your average total cost
apple outsources production of iphones ipads and other electronic devices to contract manufacturer foxconn with 800000
Identify each of the following policies as either fiscal policy or monetary policy and explain why for each question
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