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Suppose you have been accepted by two colleges, A and B.
A is a much more demanding and also a more prestigious institution than B. B is a safe option in the sense that you know you will do reasonably well academically there, and that after graduation you will land an "adequate" job. If you manage to survive academically at A, you will land a "great" job (60% probability); but it is also possible that you will do poorly there, in which case you will end up in a "bad" job (40% probability). The following chart shows the lifetime wealth levels for each type of job and the corresponding probabilities. If your utility function of lifetime wealth , which college should you attend?
Elucidate the roles of government bodies which determine national fiscal policies.
Mention the four assumptions for the Monopolistic competition model.
Illustrate what should the Fed do in inflation continues to fall and eventually starts to become deflation.
Assume you are a marketing manager at a top marketing firm that manufactures dish soap. Which research method and tool would you select to collect data and why?The research method I would use to collect data would depend on whether I was collectin..
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input?
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a variety of tasks. Does it then make sense for people with high abilities to go to small firms
Explain how does that rate compare with the rate in the previous month. What were the unemployment rates for adult men, adult women, teenagers, blacks, Hispanics, and whites.
Illustrate fiscal policies also monetary policies which would be appropriate at this time.
In 2009 output for the country of OZ was 14,300 tons of potatoes and the total labor force 1,150 workers. the growth rate of average labor productivity between 2008 and 2009.
Short term Treasury bills [3 and 6 month] have current annual rates of interest around 0.5%. Use that info plus your best forecast of inflation to calculate the real rate of interest on those bills.
Some people advocate government funding of college scholarships as a way of creating a more egalitarian society. Others argue that scolarships help only those who are able to go to college. Do your answers to the preceding questions shed light on ..
Consider demand and supply curves for many markets - the market for mineral resources, the market for wheat, the market for sugar, and market for motor homes.
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