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An agent earns $100 and, although she has the option to burn her money, she chooses to save $30 and use $70 for household expenditures. How would an economist model this choice? (What is the domain, what is the menu, what is the corresponding choice statement, what is the explanation?)
Summarize and analyze an example situation from the local newspaper, your hometown newspaper, or a news magazine.
Jon works for a major bank. The revised employee handbook that he received 5 years ago says that all employees with 25 years of service will receive a retirement party. Jon retires on his 25th anniversary, and his manager announces that the company w..
If taxes were cut by 1 trillion adn the mpc was .8 how much would total spending. Increase in the first year with two spending cycles? Increase over an infinite time perios?
Calculate the change in the equilibrium interest rate if technological progress increases output by 20 units. (for this question the professor said we have to use the change in consumption and well be taking a derivative)
What is human resource planning and how it is linked to organisation achievement within an organisation?
What are some potential warning signs of debt problems? please explain
What is the different tariffs implanted in the 1800s and when was the first federal minimum wage implemented?
There are always risks associated with the experimentation of a new manufacturing process or with the entry into a new global market, the risks of failure. How should one decide to proceed or not to proceed with a risky venture? What is the proper le..
Two individuals, Andy and Beth, work on a joint project. If Andy chooses effort level x ≥ 0 and Beth chooses effort level y ≥ 0, then the total output equals 10x+10y+2xy. Maximize each player’s payoff function to find his or her best response functio..
Summarize the labor market flows (both in terms of definitions and in terms of what the data show.
For each change, describe employment law that applies and select the force that is driving to change. Explain is it internal or external force?
Assuming that there are no direct expenditure offsets to fiscal policy, how much should the government increase taxes?
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