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The Texas Tech alumni association is interested in starting a new scholarship fund for incoming students. Each scholarship will be $500 and they anticipate funding 10 students each year. All scholarships are awarded at the end of the year. The organization plans to provide a total of 50 scholarships, with the first scholarships awarded at the end of the 4th year. How much would the organization need to deposit today (one lump sum deposit) to fully fund scholarships for these 50 students? Assume that the Alumni association can receive a return of 6% (compounded annually) on their investment
There are several studies that have attempted to empirically investigate how these theoretical channels may affect a host country. What are the conclusions of these studies? Were there mostly positive impacts or negative impacts on a host country? Ex..
Pick an entertainer or well know celebrity (sports – Music – Movies). Find out their income and net worth. Pick a fortune 1000 company executive of a manufacturing firm. Contrast their incomes and net worth and contribution to GDP, exports, employmen..
Assume that the market for wheat is perfectly competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 , which results in marginal cost of MC = 1 + 2Q...
An increase in Real GDP means that the Production Possibility Curve must move outward. There is no cost to the macro economy of current consumption. Increased Capacity Utilization means that the PPF is moving outward.
In 2012, many unskilled workers in the United States earned the federal minimum wage of $7.25 per hour. By contrast, average earnings in 2012 were about $22 per hour, and certain highly skilled professionals, such as doctors and lawyers, earned $100 ..
Determine where each of following increases, decreases, or remains unchanged in short run: market interest rate, quantity of money demanded, investment spending, aggregate demand, potential output, price level and equilibrium real GDP.
Beta Industries manufactures floppy disks that consumers perceive as identical to those produced by numerous other manufacturers. Recently, Beta hired an econometrician to estimate its cost function for producing boxes of one dozen floppy disks. The ..
A steel factory has the right to discharge waste into a river. The waste reduces the number of fish, causing damage for fisheries. Let X denotes the quantity of waste dumped. The marginal damage, denoted MD, is given by the equation MD = 2 + 5Q. What..
Consider two workers with identical preferences. Phil and Bill. Both workers have the same life cycle wage path in that they face the same wage at every age, and they know what their future wages will be. Leisure and consumption are both normal goods..
Compute various indicators of the state of the labour market using the following information. Please show all of your working. If you do not, you will receive zero marks for the question(s).
find a pop culture reference from tv movie music magazine... of an economic concept. the reference can be anything we
What are some of the benefits of greater National Government authority as opposed to allowing states more sovereignty with an increase in state responsibility? Think about issues like federal health care mandates for states' citizens or immigration l..
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