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Your beginning salary is $30,000. You deposit 10% each year in a savings account that earns 6% interest. Your salary increases by 5% per year, and inflation is 3% per year. What value does your savings account show after 40 years? What is the value in year-1 dollars? (Answer: $973,719 and $307,455).
The average revenue for product Q is given by AR = 120 – 3Q and the total cost of Q by: Find the price function and then the TR function. See Assignment 3 or 4 for an example. What total profit will result from selling the quantity found in (c) at th..
How do things change based on this scenario?*The market for hybrid cars is changing. There are more providers but due to bad publicity and poor performance, demand is falling.How do I set up a graph with this information?
If you are in charge of writing a strategic plan for our national environmental policy (EPA head?), what would your main areas of importance (water? Energy? Farming?...) what would the main recommendations be?
In a repeated prisoner’s dilemma, a player that is playing tit-for-tat will:
In competitive markets, individual businesses operate as small sellers in the market. Suppose eBay e-books $4 per unit in a highly competitive market.
How many workers should the firm hire if the price of the output is $10? Suppose the price of the output falls to $7.50. Illustrate what do you think would be the short-run impact on the firmâ??s production.
A construction site uses two types of workers – skilled (S) and unskilled (U). They produce feet of new pavement (Q) per day according to the production function. How many skilled and unskilled workers should be hired in order to produce the most pa..
Last week, Michelle spent $30 on caviar. Today, Michelle still spends $30 on caviar even though its price has doubled. What is Michelle's price elasticity of demand for caviar? (Use the midpoint formula for your calculation.)
As a result of the United States suspending gold sales to foreign countries in 1968,
Write down the multiple regression equation. Evalute the regression coefficients using ordinary least squares and interpret them.
Do you agree/disagree with the following statement: If the government increases the excise tax on bikes, the prices of bikes will rise? However, this will then cause the demand to decrease and as a result prices will fall back to their original level..
Suppose Congress votes to decrease corporate income tax rates. Use the AD/AS model to analyze the likely impact of the tax cuts on the macroeconomy. Show graphically and explain your reasoning. What exactly causes AD and/or AS to shift? What happens ..
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