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Your employer asks you to start working out of the main office, which will involve commuting by subway for 3 hours every day. Subway tickets are free. However, you are not paid for commuting time, and commuting time is NOT considered leisure. Graph your new budget constraint, and label it carefully. [Hint: What is the largest amount of leisure you could take while still earning labour income?]
What is the present worth of cash flows that begin at $30,000 and decrease by 15% per year (N = 6 years)? The interest rate is 10%.
What single amount on October 1 , 2012 , is equal to a series of $1000 quarterly deposits made into an account ? The first deposit occurs on October 1, 2012, and the last deposit occurs on January 1 , 2026. The account earns 13% compounded continuous..
The Big Short by Michael Lewis, Boomerang by Michael Lewis, Nickel and Dimed by Barbara Ehrenreich, The Great Crash of 1929 by John Kenneth Galbraith.
Illustrate what is the underlying factor which seems to help clarify whether or not the economy is self-adjusting.
q.two retail rms compete in costs in a downstream market in which base demand as well as is given by pr 1-q. the rms
If there is an inflationary gap in the economy, what fiscal policy decisions would you make to bring the economy back to the full employment point? Explain why in each policy that you make.
A firm has the following short-run production function (where L = Labor and Q = Output): Suppose that the output can be sold for $10 per unit. Further assume that the firm can obtain as much of the variable input (L) as it needs at $20 per unit. Dete..
When the possibility of collusion exists in a duopoly, but both firms cheat after colluding, how will their actual profits differ from their expected profits? Evaluate the statement: In the Prisoner's Dilemma game, the Nash Equilibrium is superior to..
How do we choose what variable to include in a multiple regression? After some research, I figured that if the R-squared value and Adjusted R-squared
Briefly describe your new cultural activity. What is the planned date, time and approximate duration of the activity? Do you have any questions about project?
Using the Taylor Rule, calculate the Fed Funds target rate, given the information below. (Note: Enter your answer to the nearest two decimal places, and DO NOT INCLUDE a percentage sign. Ex.: If your calculated answer is 3.7543, enter 3.75): -equilib..
What is your personal cost of capital? How did you calculate it? Is it different for different things?
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