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An individual makes $71842 per year. If they move to a city where prices are on average 24 percent lower, and they continue to make the same salary, then what is their purchasing power parity adjusted income? Round to the nearest whole number.
Why are usage-based insurance rates lower than at-rate insurance fees? Give two separate reasons and explain.
What requirements are imposed on an employer by the Family Medical Leave Act? What remedies can an employee seek if an employer violates the Family Medical Leave Act?
The demand function for a firm’s product is Q(P) = 50-P/10. The firm’s cost of production is C(Q) = Q^3-20Q^2+125Q. The firm’s problem is to choose the value of Q≥0 that maximizes its profit. Calculate the firm’s inverse demand function. Calculate th..
Individuals filing federal income tax returns prior to March 31 received an average refund of $1056. Consider the population of "last-minute" filers who mail their tax return during the last five days of the income tax period.
RAND study found that the income elasticity of demand for dental care is 0.15. Over the last one decade, income of the population has increased by 21%. Therefore, the income effect alone should a)Increase the demand for dental care by about 3% b)Incr..
The Delphi method used for forecasting:
Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.
can increase the natural rate of unemployment. Is this something that policymakers should be concerned with? Explain.
If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:
For each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both, or neither. sells a product differentiated from that of its competitors. has marginal revenue less than price
Which of the following products and services are likely to encounter adverse selection problems: golf shirts at traveling pro tournaments, certified gemstones from Tiffany's graduation gift travel packages, or mail-order auto parts? Why or why not?
Externalities. A neighbor has rented his house to students who like to party late into the night. I like to get to go to sleep early to make it to my 8AM classes. What are the conditions of an efficient resolution to this dispute?
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