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Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1500 deductable), life insurance equal to a year's salary, vacation time based on length of employment with the company and retirement pay equal to 8 percent of income. Comment on how such a flexible benefits package would affect your preference between higher wages and more benefits. Use the theory of consumer behavior in your answer.
Social Security and Medicare are in financial trouble. The money will run out for the future generations if something is not done shortly. In detail, explain how you would save both systems for the future generation.
A profit-maximizing monopoly has pricing under the following conditions: the price charged for goods produced is $15, the intersection of the marginal-revenue and marginal-cost curves occurs where output is 105 units and marginal revenue is $10, and ..
How much would you have to invest on a monthly basis to yield $1,000,000 in at your retirement i fthe return rate is 4.5% compounded monthly?
A firm sells its product in a perfectly competitive market where or firms charge a price of $80 per unit. Illustrate what price should firm charge in short run.
Using the concept of opportunity cost also PPF explain the phrase affluence tomorrow requires sacrifices today
suppose that the interest rates in the u.s. and germany are equal to 5 that the forward one year value of the euro is
Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers.
Graph a Monopoly. Compare the price, quantity, and ATC of a monopoly with a perfectly competitive firm. Who is more efficient and why?
A company currently sells 60,000 units a month at $10 per unit. The marginal cost per unit is $6. The company is considering raising the price by 10% to $11. Your boss tells you that price cannot drop below $9 because you cannot earn enough profit t..
1. if you are the chief economist of a country experiencing high unemployment and flat gdp what macroeconomic policies
Illustrate what would be the new equilibrium price of hoods to the truck manufacturer.
q1. the wage rate is pound5 and the rental rate cost of capital is pound2. calculate the lowest cost method of making 4
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