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Consider the model presented in Section 10.2 and suppose that the effective discount rate r varies across individuals (e.g., because of credit market imperfections). Show that individuals facing a higher r would choose lower levels of schooling. What happens if you estimate the wage regression similar to (10.12) in a world in which the source of disparity in schooling is differences in discount rates across individuals?
How do you find AP, MP, TVC, TFC, TC, AVC, AFC, and ATC if the problem gives you a list of # of people doing the labor, quantity produced, fixed costs, and wage rate for example, wage rate is $100 a day, firm has $200 in fixed costs.
i have a bag that contains 24 marbles. 9 are red 15 are green. if i take one marble out at random what is the
In January of 2007 Mary bought 100 stocks of Apple Inc for $55 each. this stock paid an average dividend of $4.50 per stock until the end of each year until mary sold all the stocks in December 2012 for $75.50 each. What is the effective interes..
Describe major differences in evaluating internal controls over financial reporting in a financial statements audit and auditing internal controls over financial reporting as a separate engagement.
What are the current prices of capital and labor, based on the graph b. Suppose that the price of labor increases, if the firms wishes to continue to produce the current level of output how will the firms optimal input choice change
If the two firms split the difference, whats the price of a permit?
Given a sample of n observations, the investigator estimates β2 by calculating it as the average value of Y divided by the average value of X. Discuss the properties of this estimator. What difference would it make if it could be assumed that β1 is..
Perform a t test on the slope coefficient and the intercept of the educational attainment function fitted using your EAEF data set, and state your conclusions.
Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of $2,425 per hour and a standard deviation of $195. What is the operating cost for the lowest 4 percent of the airplanes.
P=.60 n=19 A. Find the probability that at least 15 of the 19 do not know what effect the law will have on their corporate tax liabilities. B. Find the probability that no more than 10 do not know what effect the law will have.
How would your answer to part (a) change if you ignore the profit earned after the patent expires?
How much profit will she make when maximizing total revenue?
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