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Question: Consider a consumer that lives only two periods and leaves no money behind. This consumer likes consumption (composite good) in both periods. The utility function is:U = c 0 * c 1 , MU0 = c 1 , MU1 = c 0In period 0, the consumer's income is M 0 = 20,000 and in period 1, the consumer's income is M 1 = 5,000. The interest rate at which the consumer can borrow and lend money is 10%.a) What is the consumer's optimal consumption bundle borrowing or saving decision without a public pension?b) Now suppose that the government offers a public pension (financed by a pay-as-you-go system) that charges $3,000 in payroll taxes in period 0 and promises a pension of $3,300 in period What is the impact on the consumer's borrowing or saving decision?c) Now suppose that the government asked for a payroll tax of $8,000 in period 0 and promised a pension of $8,800 in period 1. What is the impact on this consumer's borrowing and saving decision now?
Question: Governing business and regulation: Using a specific firm/industry example, explain Either the possible principal-agent issues faced by a firm and the
Calculate the predicted demand for Year Four. Identify the forecasting model that is in use here and explain why it is the obvious choice.
Suppose you are advising a mayoral candidate in your town. The candidate's platform includes strong opposition to monopoly suppliers because consumer welfare.
The figure below shows a nation's production possibilities frontier for apples and oranges.
What economic factors will affect your business? For example, poor economic conditions in your area may mean that your target customer has cut back on spending.
where QS is the quantity of boxes supplied per month. The equilibrium quantity of boxes in the market is ...and the number of firms in this industry when it is in long-run equilibrium is .....
If a currency becomes over valued in the foreign exchange market, what will be the likely impact on the home country's trade balance?
Suppose college graduate earn$25 an hour and high school graduates earn $15 an hour. Suppose too that the marginal product of college graduate at Jonson Tools is five hammers per hours, while the marginal product of high school graduates is four hamm..
An asset has an initial cost of $60,000, a salvage value of $5,000, and a depreciation life of 6 years. Determine the book value for year 3.
If the economy is in a recession and the president invites three economists-A Keynesian, a monetarist, and a new classical-to offer explanation and policy.
Describe the contents of the memo Product or Service Briefly describe your product and Briefly describe a second price discrimination technique
ECON 202 Egerton University For what income are the demands of these commodities changing the most? 2. For what income are their variations the least?
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