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If Jim is putting money into a savings account. He puts in $100 monthly. At the end of each year he gets a $500 bonus from work that he also deposits.
If a minimum wage law is passed that needs the monopolist to pay at least $5.50 per hour, discuss how will these affect employments?
What is the probability that exactly 7 people from this sample are unemployed by using the normal approximation to the binomial distribution?
Describe what you would rather maximize your total or marginal utility? Discuss how do you think you would estimate when to stop consuming if you were at an all you can eat buffet?
Explain what part of the business cycle is the U. S. economy currently in? Estimate your answer by using the three economic indicators.
Assume that the inventories fall by $2 billion, consumption increases by the $8 billion, unemployment insurance payments decline by $4 billion, and imports rise by the $1 billion. By how mu
The Commerce Department revised its estimation of real GDP to $3.877 trillion, up from the earlier estimate of $3.835 trillion. Before adjusting for inflation, GDP was $4.603 trillion, up from $4.52
Micromedia offer computer training seminars on a variety of topics, where each student works at a personal computer, practicing the particular activity that the trainer is presenting.
Consequently, bridge traffic decreased 40 percent and revenues rose 170 percent in 2008 tolls were raised on Bridge X. Calculate the price elasticity of the demand for access to Bridge X.
Sketch the Lorenz curves for the urban and rural populations for 1998 and 2010. Be sure to carefully label your axes. Explain what do they tell you about changes in inequality over time in the Mexico?
Why would Kenyan government take 10% tax off the employee's paycheck because it is given the importance of the M-Pesa to the rising economic growth of the Kenyan economy?
A sum of money Q will be received six years from now. The present worth of Q is $60 at 5% annual interest. What would be the value of Q in 10 years at the same interest rate?
A consultant has told the city that traffic is expected to grow at a continuous rate of 4% per year. Traffic at a certain intersection is 2000 cars per day. Discuss how much traffic will be expecte
Wilson is offered a job in Kansas City that pays the $50,000 and a job in Dallas that pays $60,000. Determine which pair of CPIs would ensure that the two salaries have the same purchasing the powe
Determine 2 main countries (Foreign and Home) that form the goods 1 (with capital and labor) and 2 (with land and labor) according to the production functions described in the problems 2 and 3.
A licensing agreement is an arrangement whereby a licensor grants the rights to intangible property to another entity for a precise period, and in return, the licensor receives a royalty fee from th
Which of the following news stroies (all published in early 2014) would typically be studied in macroeconomics? (Select all that apply)
when does a transnational strategy make sense? Explain how the Internet does positively or negatively affect the transnational strategy and the global strategy?
What tax T should it set to achieve the social optimum? To correct the externality, the government decides to impose a tax of T per unit sold.
The quantity demanded x of a certain brand of the DVD player is 3000/week when the unit price p is $485. The quantity demanded increases by 250 units for each decrease in unit price of $20 below $48
Suppose that the annual rate of inflation is 2%. Suppose that the market annual interest rate is 3%. Determine the real annual interest rate (compounded annually)?
Assume that the demand curve for a product is given by the P=36-Q where P is in thousands of dollars per auto and quantity is in millions of cars per year.
Illustrate an arbitrary budget constraint for a person, assuming that he or she receives no government subsidies. Then describe in the budget constraint that arises from the above housing subsidy pr
Assume the government put a tax on soda of $0.50 per can to be paid by consumers. Graph the before and after tax supply and demand curves. Determine the new equilibrium price and the quantity?
Suppose that Japan and Canada each have 1,000 production units available to them. With each unit, Japan can produce 3 bicycles or 6 books while Canada is able to produce either 8 bicycles or 2 books