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Mary won a contest in which she is paid $5000 today and $8000 at the end of year 6. She deposited the money she gets today and the end of year 6 into a savings account which earns 10% interest. If she wants to withdraw an amount x at the end of each year for the first 6 years and then x+500 each year for years 7-12, what is the value of x?
Describe, as clearly and concisely as you can, the path of "American exceptionalism" from the middle of the 20th century to today.
The United States currently imports oil from Saudi Arabia (trade takes place according to the laws of comparative advantage). Congress is considering a tariff.
Find out the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level.
Cornell has two options for upgrading their athletic facilities. The off-campus option costs only $20 million, but it will require frequent bus service to those
Write the equation for Petra's budget line.
What are some of the problems with using the unemployment rate as an accurate measure of overall joblessness?
Suppose the government were to provide a $2 per hour subsidy for families who purchases child care, regardless of work or wage status. This will..
Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?
Explain what would the cross-wage elasticity between teenagers and adults have a positive or negative sign.
Read the "Production and Cost Analysis in the Fast-Food Industry," Case for Analysis located below. Identify how the Law of Diminishing Marginal Returns set in for the production process, and how management responded to this situation.
Given an annual annuity of $30 for years 1 through 3 and a deferred annual annuity of $100 for years 4 through 7 and an interest of 10%/year, what is the present worth? Provide your cash flow diagram.
Many people within a country may recognize how social, political, and cultural influences have an impact upon them. At the same time, social, political, and cultural influences may be such a part of daily life that they seem merely “the way things ar..
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