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Q1. Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%. A person can work up to 2,000 hours per year at $10 per hour.
A. Draw the person's budget constraint without the income guarantee.
B. Draw the person's budget constraint with the income guarantee.
C. Assume the income guarantee rises to $9,000 but with a 100% reduction rate. Draw the new budget constraint.
Q2. The May unemployment figures were released Friday, and at 8.2%, unemployment had increased by .1%, and new jobs were less than half of the projected number. What impact will this have on the U.S. economy?
Illustrate what cost as well as quantity will result once the patent expires and competition emerges in this market.
Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
How do your previous answers change in the special case where cash demand does not depend on the expected rate of inflation
Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.
Suppose that the market for wheat is characterized by the following demand and supply relationships.
Think of any financial innovation in the past ten years
How much is the uniform annual revenue in years 2 through 5 to achieve economic equivalence if the company decides to use MARR.
A concrete and building materials company is trying to bring the company funded portion of its employee retirement fund into compliance with HB-301.
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
In the context of share holder maximization model of a firm, what is the expected impact of each of the event on the value of the firm?
Show graphically the effect on the supply and demand for Bonds in a deflationary period.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
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