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1. you earn 5 percent interest on funds in your money-market account. If consumer prices increase by 6 percent per year, your real earnings on $ 10,000 in the money-making account are $---- per year

2. Suppose you currently live and work in cleveland, earning a salary of 70,000 per year and spending 30,000 for housing. you just heard that you will be transferred to a city in california where housing is 55% more expensive. In negotiating a new salary, your objective is to keep your real income constant.

what is your new target salary.

3. A taxi company has nine cabs in its fleet, and its total daily cost$ 4,800. If a taxi company adds a tenth cab, the company;s total daily cost will increase to 4,850 and its total revenue will increase by 100 dollars per day. should the company add the tenth cab?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9478200

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