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Draw a current budget constraint for an assumed single mother (net of child care costs), and then draw in the new constraint. Discuss the likely effects on labor force participation and hours of wor
In which year do you consume more Y? This should be obvious from your graph in (a), assuming your graph is correct.
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production. Calculate the following: Marginal rate of technical substitution.
It is now January 1, 2012; and you will need $1,000 on January 1, 2016, in 4 years. Your bank compounds interest at an 8% annual rate? How much must you deposit today to have a balance of $ 1,000 on
If you were comparing the costs of loans from different lenders, could you use their APRs to determine the loan with the lowest effective interest rate? Explain.
The present value of a perpetuity is equal to the payment on the annuity, PMT, divided by the interest rate, I: PV= PMT/I. What is the future value of a perpetuity of PMT dollars per year?
The end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?
What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?If yo udeposit money today in an account that pays 6.5% annual interest.
The fact that the total cost function takes the value 100 at Q=0 tells you something about variable cost. find the firm's average variable cost function.
How much will be in your account after 5 years? What is the present value of a security that will pay $5,000 in 20 years if secuities of equal risk pay 7%?
If you introduce the new product and your rival does not clone, you will make $100 million and your rival will make $0. Set up the extensive form of this game.
This shuttle component functions successfully provided that at least one of the n systems functions properly. Find the probability that this shuttle component functions successfully if n - 2.
The market with identical generic versions of Zatab. What price and quantity will result once the patent expires and competition emerges in this market? Explain your answer.
Second republic bank currently has $150,000 in demand deposits and $45,000 in outstanding loans. Use this information to find reserves, required reserves, and excess reserves.
Why might price collusion occur in oligopolistic industries? Assess the economic desirability of collusive pricing. What are the main obstacles to collusion?
Were past societies in human history more ecological than our society today? What is the most ecological society today? Which societies or cultures do you think will become the most ecological and
Find both the growth rate of dividends and the price of the stock if the company reinvests the following fraction of its earnings in the firm (1) 0 % (2) 40% (3) 60%.
The initial supply curve is P=2Q. Suppose that the government imposes a $3tax on this market. How much of this is $3 is paid by the producers?
Purchases the e-commerce package, what is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.
The demand curve for lamps shifts out parallel to itself in response to an increase in consumer income. Prove that the demand for lamps is less price elastic after the shift in demand curve.
Suppose the market interest rate, at which you can borrow or lend, is 5 percent. What is the present discounted value of the cost of the car if you use GM's interest-free financing?
Determine the point price and income elasticities for household furniture. What interpretation would you give to the exponent for R? Why do you suppose R was included in the equation as a variable?
What other examples can you think of? Using a marginal benefit/marginal cost analysis, support or argue against the intervention.
If a random sample of 400 customers is selected, what is the probability of Type I error using this decision rule?
What happens to the price level pt when the money growth rate m changes, holding the current money supply mt constant?