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Question: Assume that a firm's analysis of its balance condition shows the following: P_L = exist10, P_K = exist100, MP_L = 30, and MP_K = 290. As a decision maker in this firm, what would you do in the short term to imp ...
Question: 1. Suppose that the utility possibility frontier for two individuals is given by U A + 2U B = 200. a- Draw the utility frontier b- If the social welfare function is of the Nietzschean type, W =max{U A , U B } ...
Question: Mary has forgotten to put rental expenses on the budget statement this month. Comment on the appropriateness of her action under each of the following scenarios: i) Mary owns the shop , Mary budgets a rental ex ...
Question: You should draw a graph that depicts the situation below and use your picture to answer the questions. Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this in ...
Question: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the mode ...
Question: Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish "absolute advantage" from "comparative advantage" in the context of your example. Then select an inter ...
Question: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of ...
Question: 1. Identify one modern technology and think about its development; In what ways has this technology changed the way you live from both a positive and negative perspective? What future changes might occur that c ...
Question: Support you are the chair of Fed's Board of Governors at a time when the economy is heading into a recession and you are called to testify before a before a congressional committee. Write your explanation to an ...
Question: Graphing/Calculating Questions: Each of the following should include the requested graphic 1. Using LD = 125-9W as a starting labor demand curve, indicate the change when consumers increase their demand for the ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As