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Consider an employee who does not receive any employer-based health insurance and who has to divide their weekly, after tax, income of £700 between health insurance and all other goods. Draw the opportunity set for this worker if both health insurance and other goods cost £100 per week. On the same graph, show how the employee's opportunity set would change if the employer agreed to give the employee £100 worth of health insurance which would be tax free. Would the employee be better or if, instead of the health insurance, she was given a £100 per week pay increase which would be taxed at 20%?
Illustrate what is the total contribution to GDP from the above events. The university bookstores received 4 million euros.
A perfectly competitive external market for the intermediate product exists, and an imperfectly competitive external market for the intermediate product exists.
Assume that equilibrium real GDP is 800 billion, potential gdp is 900 billion, the mpc is .80, and the mpi is .40 . What is the size of the GDP gap.
Economics essay-a brief paper about three pages in length also concisely analyze a contemporary problem illustrating in the marketplace.
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.
How weight represents the amount of raw materials. Data containing the weight in pounds from a sample of 368 pallets of Bridgetown shingles and 330 pallets of Holetown shingles are contained in Pallet data which can be downloaded from the class web..
Explain how many ships should be produced month if world chip costs are $62 per chips. Forecast the HSE's profit at this output level.
Quantity, whole revenue and profit when company charges different price in each market and exploits its total profit.
Explain how will the level of the velocity of money change if there is a permanent (one time) increase in the nominal interest rate, holding other factors constant.
Contrast two or three key economic factors for this country with the United State economy also comment.
Assume a firm has a patent on one of its products whose sale generates $32,700/year more revenue than production costs. If the annual interest rate is 20 percent, what is the market value of this patent.
Make two income statements, are utilizing the traditional accounting approach another using the opportunity cost approach to determine the profit.
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