What is the relative difference in the access to funds

Assignment Help Microeconomics
Reference no: EM13186456

Assume there is an imperfect capital market. Draw a graph to show the optimal years of schooling for an individual with high access to funds but of low ability and an individual with low access to funds but with a higher ability level. Which individual invests more in schooling? Is this answer unique or does it depends on the relative difference in the access to funds and the ability level of these two individuals?

Reference no: EM13186456

Questions Cloud

Depict the structure of the peptide wrcfq : Draw the structure of the peptide WRCFQ. Show the ionization state that would be the major form at pH 7. (Note: this question addresses your knowledge of the one or three letter codes for amino acids,
Compute the mass percentage of the cobalt : It is known that the Co2+-ligand complex obeys the Beer-Lambert Law. Calculate the mass percentage of the cobalt in the original sample.
Describe efficiency wage models : Someone claims that under efficiency wage models "if the wage rate increases in a market with  heterogeneous workers then we will have a shift in the labor demand curve, and not a movement along the c..
Molecular chlorine affords a mixture of monochlorinated : The photochemical reaction of 2,4-dimethylpentane with molecular chlorine affords a mixture of monochlorinated alkyl halides. Draw teh structures of these products and predict the molar ratio when the reaction is run at 25C
What is the relative difference in the access to funds : Assume there is an imperfect capital market. Draw a graph to show the optimal years of schooling for an individual with high access to funds but of low ability and an individual with low access to funds but with ..
Discuss the business problem : Provide a clear statement of the aims and objectives of the data analytics study and the possible outcomes in terms of discovered knowledge and its potential application towards solution of the problem. In this section you need to discuss the busi..
State the active ingredient in some antiperspirants : The active ingredient in some antiperspirants is aluminum chlorohydrate, Al2(OH)5Cl. Analysis of a 2.000-g sample of antiperspirant yields 0.334 g of aluminum. What percent (by mass) of aluminum chlorohydrate is present in the antiperspirant?
Identify the benets and costs of the firm : Suppose that after graduation you take a job with an employer that oers to pay full tuition for employees wishing to return to school to get an MBA degree during non-work hours. You are not required to continue working for the rm a..
Consultant for being brought in by xumuc : You are a consultant for being brought in by XUMUC to assist with a merger with another company.

Reviews

Write a Review

Microeconomics Questions & Answers

  Consequences of decriminalizing illegal drugs

The consequences of decriminalizing illegal drugs have long been debated. Some claim that legalization will lower the price of these drugs and reduce related crime. Others claim that more people will use these drugs.

  Managerial accounting-analysis of cvp

Suppose that MN Company is currently selling 300 units of Product SD per month. Management wants to increase sales and feels this can be done by cutting the selling price by $22 per unit and increasing the advertising budget by $20,000 per month. ..

  Explain price discriminate

Explain why Monopolistically Competitive firms charge different prices for their products and Oligopolies tend to all charge the same price. Explain why all businesses do not Price Discriminate.

  Applied math on estimating price elasticity of demand

The marketing team for a restaurant wants to estimate the price elasticity of demand coefficient for its steak dinner. It priced its dinner at different price points in local restaurants to see how many would be sold at different prices.

  Discuss industry concentration-demand and market conditions

Discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today? Explain.

  What is the incremental cost of meeting demand

Use gradient analysis to provide an estimate of eleven data points that seem to represent the MC curve over this range of outputs. Plot these data points and sketch in estimated MC and AVC curves that seem to best fit these data points.

  Computing industry price and quantity supplied

Compute the industry prices necessary to induce short-run quantities supplied by the firm of 5,000, 10,000, 15,000 tons of sweet peas. Assume that MC>AVC at every point along the firm's marginal cost curve and that total costs include a normal pro..

  Why might it be cheaper to drive on a toll-road

How do costs play into your everyday life? For example, why might it be cheaper to drive on a toll-road vs. a free-access interstate Also, can you identify situations where you may fall victim to the sunk cost fallacy (we all do)

  Stockpiled lobster-price elasticity

Describe the effect of increase from 1998-1999. How would the increase in demand affect the price? How would the price effect depend upon the price elasticity of supply? Please describe how. (Explain the illustration instead of actually drawing it)

  Question on quantitative data

You've been asked to apply your decision-making skills and analysis to the merchandising of JMI's travel product stores. Much of the floor display space is taken up by innovations department. Describe the type of accounting quantitative data you wi..

  What advice can you offer mcburger

How much revenue does McBurger currently earn based on the information above and is McBurger maximizing its revenues

  Calculating the optimal price and profit

Apple recently launched the iPod nano under 2-different versions:2GB and 4GB. There are two types of customers of the iPod nano.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd