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Answer the following.
1) Deceit Sara's optimal stock of health capital at age 18, with a high school diploma and a wage of $8 per hour.
2) Suppose that she invests in a college education, expecting to get a better and higher wage job. Show how her optimal stock of health capital changes by the age of 30 due to the increased wage. Then, show how her education would affect her optimal health stock if education also made her a more efficient producer of health.
Draw the capital market line. What is the optimal portfolio of a mean-variance in-vestor with risk aversion A = 2? What is the mean and standard deviation of this portfolio? Show this portfolio in the .gure. What is the value of this investor’s mean-..
What do economists mean when they refer to "economies of scale" Why do economies of scale exist in the context of hospital services Does this mean a hospital market comprised of a few large hospitals is preferable to a hospital market comprised of..
What is the difference between elastic and inelastic demand. Please be precise. If a restaurant increases its price of coffee from $ 1.00 to $ 1.20 and quantity demanded falls from 100 cups to 80 cups. How can I compute the price elasticity of dema..
1. a taxicab company maintained accurate records of the expenses for one of its automobiles from january 1 1996
What quantity should Titan produce to maximize total revenue and what is Titan's fixed cost? How do Titan's marginal costs behave as output increases?
Explain the relationship between job satisfaction and other outcomes (e.g., job performance). Analyze the role of job satisfaction in each of these outcomes. Consider the research evidence, and draw conclusions regarding the strength of these ..
Explain the difference between fixed-production technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology Should they d..
If technology advances so that computers become more useful to the firm.what happens to the marginal product of the two types of workers.
Presume an individual lives two periods. In period 1 she works full time and makes $100. In period 2 she enters partial retirement and makes $20. She can borrow and save at the constant, risk-free interest rate r. Draw her budget constraint. Label th..
monopoly please responds to the followingidentify a company in your local area that you would classify as a monopoly.
Suppose a computer virus disables the nation's automatic tellter machines, making withdrawals from bank accounts less convenient. As a result, people want to keep more money on hand, increasing the deman for money.
Bargaining outcomes in a market-related situation are in general indeterminate and not obvious to the parties in the negotiation.
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