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Assume that in 2013 Molly’s autonomous consumption is $2000 and that her disposable income $45000 with an MPC of 0.7:
a. How much will Molly save in 2013?
b. How much will Molly spend on consumption in 2013?
c. Assume that in 2014 the government increases the tax Molly pays by $1000, what will her new consumption spending be?
d. Believing the tax hike to be too large, the government reduces Molly’s taxes to the 2013 level and additionally provides her with a transfer payment credit of $500. What will her new consumption spending be?
Think that the following entry game. Here, company B is an existing company in the market, and company A is a potential entrant. Company A must decide whether to enter the market or stay out of the market.
Suppose the following situation abruptly emerges in the economy: S > I. First, explain what this situation implies. Then, with reference to flexible prices, interest rates, and wages, describe why Classical economists believed this situation would be..
Aura has a utility function given by U(X, Y) = 4X0.5Y0.5. The current prices of X and Y are $25 and $50, respectively. Laura currently has an income of $750 to spend on X and Y.
The long-run factor demand problem.
create a performance reporting presentation for the riordan manufacturing go green campaign 1.write a brief opening
veronica has saved 5000 that will be a down payment on a new car that can be purchased for 38000.athe loan to finance
Distinguish between explicit and implicit costs, giving examples of each. What are some explicit and implicit costs of attending college 2. Distinguish between accounting profit, economic profit, and normal profit. Does accounting profit or econom..
The Federal Reserve issued the Federal Open Market Committee (FOMC) statement after its meeting. This information is highly anticipated because it clarifies the stance of monetary policy in the future.
suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth What groups in society would benefit from this change what groups might be hurt
An engineering practitioner can lease a fully equipped computer and color printer system for$800 per month or purchase one for $8500 now and pay a $75 per month maintenance fee. If the nominal interest rate is 15% per year.
What percentage of your monthly spending do you pay with (a) cash, (b) check, (c) credit card, or (d) automatic transfers? How do you pay off the credit card balance? How does your use of cash compare with the composition of the money supply (refer t..
Ipads and laptops are substitutes. Use a supply and demand to show what happens to price, quantity, consumer surplus, and producer surplus in the market for laptops (after a technological advance has reduced the cost of making Ipads).
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