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Q1. Confronted with a choice between $50 today or $100 one year from now, economic experts suggest that the vast majority of people will take the $50 today. At the same time, economic experiments show that most people will opt to take $100 in ten years over $50 in nine years. Is such behavior rational? Clarify why or why not.
Q2. What is the function, as well as what are the main ingredients as well as connections within the policy planning network doing off describes?
Illustrate how much will they have accumulated principal plus interest when they reach 65 years old. What is the moral of this situation.
Calculation of the unemployment rate and part time workers who would prefer to work full time.
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100.
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
What would be the new equilibrium in this economy if Investment increased by $12.
Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.
Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.
Discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today.
How would equal educational achievement and equal income.
Determine the cost to the government of buying firms unsold units
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
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