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Assume that Jim goes to work at age 25, earns an average $40,000 a year for 40 years. He inherits $320,000 when he starts working. He expects to live to be 75.
(A) Calculate on average how much Jim consumes per year, the ratio of his annual consumption to annual income, and his annual savings rate.
(B) Suppose now that Jim learns he can expect to live to be 85. If Jim does not change his retirement age, compute Jim's new annual consumption, as well as the new ratio of annual consumption to annual income, and his new annual savings plan.
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input? What will happen to the labour demand if price of the output goes up?
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Describe their organizational structure and what market entry strategies each of these companies are currently using.
If your worker stated that they would match your contributions up to 50 percent, and how much would you contribute.
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The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue.
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