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Alan has only two years in his life. He will earn $20,000 in year one and $11,000 in year two.Assume Alan saves $5000 in year 1 and the interest rate = 10%. a. How much (in dollars) does Alan consume in year 1? b. How much interest does Alan receive on his savings? How much does Alan receive in savings in year 2 (savings + interest)? How much does Alan consume in year 2? Include all this on the graph. c. Instead, if Alan saves $20,000 in year 1, then how much will he consume in year 2? How much will he spend in year 1? Instead, what is the most Alan can borrow against his future earnings? Now how much would he consume in year 1 if he borrowed all he could? How much would he have to spend in year 2? d. Graph the budget line, and include the endpoints. Since, by assumption, the consumption point in b is Alan's best choice, draw in his corresponding indifference curve for the consumption point in b. e. Congress often talks of reducing taxes on savings (and hence, increase the real return) with plans like IRAs etc., to increase savings. Show, using the concepts of income and substitution effects, that higher interest rate increases consumption in year 2 but may either increase or reduce the amount saved in year 1. (Hint: increase the interest rate to change the budget lines.) Graph the income and substitution effects.
You are riding in the car with your parents. You come to a four way stop. This point where the two roads cross and form four right angles is an example of what in mathematical terms?
Describe the STEP process. What are the main components of this process? 16.6 What are the major areas of Deming's PDCA process? Describe the TMM process.
What are the two main factors that organisations consider prior to making a decision to outsource their activities partially or fully?
The identities of Eqs.(14.47) through (14.49) follow from equating corresponding terms in the two sides of Eq. (14.46).There is actually a fourth identity to be considered. Find this identity and show that it is the transpose of one of the identit..
Research the Internet about a problem that occurs with one of the body's organ systems . For your first post, write a description about the disease/disorder you chose. What are some of the symptoms? Is it treatable/curable? If so, how? Is it genetic ..
Research a GUI development environment and show how the user interaction component is implemented in the real world. What design patterns are offered and how are they used?
The resulting KML document should be a .kmz file, i.e., a zip archive that contains all of these PNG files as well as the KML document.
1. Design a questionnaire for former and potential students in SCR's training classes. Also, reply to Jesse's message about sampling. Give her a recommendation and reasons. Be sure to explain the reasoning behind the recommendations.
Consider the retailers' objectives, the characteristics of the products being sold, and the type of customers who visit those sites answer
Define the Diffie-Hellman key exchange? How is this information relevant to you?
How have ICT architectures changed over time as new technologies have emerged?
void getValue(int value&) { cout > value& } I already know "cint" should be "cin". What other errors are there, if any? Should the cin value "value&" have the ampersand attached, or not?
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