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Pierre values consuming goods (C) and enjoying leisure (l). Pierre has h = 1 units of time to divide between working and enjoying leisure. For each hour worked, he receives w = 1 units of the consumption good. Suppose that Pierre's preferences are described by the the utility function
2/3 1/3 U(C,l)=C l .
Pierre also owns shares in a factory which gives him an additional π = 0.125 units of income. The government in this economy taxes labour income only and uses the proceeds to buy consumption goods that are given to the army. Pierre pays a lump sump tax equal to 0.35.
What was the difference in the two types of products? What is your conclusion regarding the proper approach when developing a new digital product?
The market demand curve is Q = 38 -P. There are two firms: firm1 and firm 2. One has MC=2 and the other has MC= 5. They choose outputs simultaneously (the cournot model).What output is chosen in equilibrium
What are some of the factors that have prevented women from obtaining a proportional share of leadership positions in government and in organizations.
(1) Provide the goal of the study and clearly state the research hypothesis by describing the variables.
2013 Income Statement Sales $2,607,300.00 COGS 40.00% of sales Gross Profit Margin 60.00% of sales Selling & Administrative $786,600.00
Steven and Joe are roommates in a cramped apartment, and they’re increasingly getting on each others’ nerves. Steven is vegan, a smoker, and extremely hygenic. What are the parties’ threat values if Steven enjoys the legal right to smoke indoors? Sam..
Signs of investor uneasiness in continuing to purchase treasury securities issued by heavily indebted sovereign states such as Greece and Spain have triggered a debate in the past about raising the debt ceiling here. “Tea Party” republicans in the Ho..
Note that the firm cannot sell more product than it has produced, and at every period sells as many units as are available, given that availability does not exceed the demand. Given that N=4 and the production during the first period costs $9. Find t..
What are the six levels of the Malts Hierarchy of Sexual interaction? How can it useful?
Based on this sample, (62.5, 65.3) found to be a 90% confidence interval for the population mean height of players.
Suppose the real interest rate is 5% per year and the expected inflation rate is 4%. What is the nominal interest rate?
During a 5-year term, what annual simple discount rate is required to grow a $1831 debt by the same amount as it would grow
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