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Suppose that you have a job paying $40,000 per year. With a 15% probability, next year your wage will be reduced to $10,000 for the year.
a. What is your expected income next year?
b. Suppose that you could insure yourself against the risk of reduced consumption next year. What would the actuarially fair insurance premium be?
What is the opportunity cost of Josephine's trip to the wedding
APA format advising the President of Rodamia making recommendations for international trade.
assuming economy is in a long run equilibrium, show fraction of total output earned by labour and fraction of total output earned by capital. Explain why, in long run, firms make zero economic profits in this economy.
at a time when demand for ready-to-eat cereal was stagnant a spokesperson for the cereal maker kelloggs was quoted as
For each event given below, respond to the following points using the determinants of demand and supply: Determine whether demand or supply changes or if the event instead causes a change in quantity demanded or quantity supplied. State whether the c..
Is the student necessarily better or worse off than before from such a transfer implied by consultant A.
Elucidate the way in which short-run AFC, AVC, ATC also MC vary as the output of the firm increases.
This week, we are going to talk about bubbles, specifically, are we in one now? This in't really about growth - its more about the business cycle, but I found it particularly interesting. While much of the podcast focuses on San Francisco, there are ..
q. pickles at the sour pickles ranch are picked either by labor or by a machine. labor can be obtained very cheaply -
In the labor market, what causes a movement along the demand curve? What causes a shift in the demand curve? In 1980, Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1 million. In 2000, Denmark had a GDP of $160 bill..
What is Nick’s MRS of swimming in terms of basketball? Do his indifference curves exhibit diminishing MRS or constant MRS?
Review Netflix 2013-2014 balance sheet, income statement, statement of stockholders' equity and statement of cash flows. Pay particular attention to sales and net income for the last two years. Comment on 2-3 items that you find remarkable on any of ..
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