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Describe how a budget constraint of a house hold in a two-period model is affected by each of the following changes. In each case, do you think the household is better off , or worse off, or is it ambiguous. What does the answer depend on? A. Period 1 income is lower. B. The interest rate is higher. C. Period 2 income is lower, adn the interest rate is lower.
A movie theater has estimated that demand for a movie ticket can be written as P1=10-Q1 for senior citizens and P2 = 12 - Q2 for rest of the consumers.
In the country A, all wage contracts are indexed to inflation. That is, each month wages are adjusted to reflect increases in cost of living as reflected in changes in price level. Explain answer with aggregate supply and aggregate demand curves.
Suppose the government cuts its purchases by $120 billion. As a result, budget deficit is reduced by $40 billion, private domestic decreases by $10 billion,
Suppose the consumer/worker values two things: a consumption good C and leisure L. Suppose that there are 24 hours in a day and the consumer/worker has a utility function U (C, L) = ln C + L The price of consumption is P and the wage rate is w: Yo..
List out also describe the firms in the industry. Discuss the product, production methods, scale of production, and sources for raw materials.
Please give some data on unions from the employee's perspective. Discuss some advantages of a unionized organization
Job A pays $30,000 a year. Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living. In order to compete, Job B would need to pay. This is known as a 2. Explain the difference between ..
Raymond producing is a privately held corporation; all long-term finances are from the Raymond brothers in the form of equity interests.
A change in the money supply has no effect on the long run values of the interest rate or real output.
Illustrate what do these indicators suggest about the future prospects of Walmart.
Do such technological advances contradict the law of diminishing marginal returns
Assume that the position of a contry's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased.
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