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(Money Demand) Suppose that you never carry cash. Your paycheck of $1,000 per month is deposited directly into your checking account, and you spend your money at a constant rate so that at the end of each month your checking account balance is zero.
a. What is your average money balance during the pay period?
b. How would each of the following changes affect your average monthly balance?]
i. You are paid $500 twice monthly rather than $1,000 each month.
ii. You are uncertain about your total spending each month.
iii. You spend a lot in the beginning of the month (e.g., for rent) and little at the end of the month.
iv. Your monthly income increases.
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part-1what is the difference between average total cost and average variable cost?part-2michelle slatalla new york
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1 in the spring schoolnbsp is sponsoring a concert featuring the band.nbsp the university has determined that the
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There exists 10,000 firms in a market each with MC curve MC=2q. Where Q = quantity of production (of the firm). Assume aggregate demand is 20,000 and independent of price. What is the market equilibrium and price?
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