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For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much will you have at the end of 10 years if the bank pays 3% annually, compounded monthly?
The chance of someone in the family getting sick over the relevant time period is 20%. What is the expected value of V over the vacation?
illustrate why lower taxes in the current period but higher taxes in the future may make some consumers better off.
How is each of the following events likely to affect the value of the dollar relative to the euro?
As the U.S. price level decreases, other things equal, U.S. products become
Calculate the growth rate of nominal GDP between 2011 and 2012? e) Determine the growth rate of real GDP between 2011 and 2012?
Is market capitalism necessary for freedom? Explain why or why not. Are market economies necessarily “capitalist” and are command economies necessarily “socialist”? Why or why not? What causes macroeconomic instability of market capitalism? Explain.
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk-averse, risk-neutral, or risk-lover?
Suppose the own price elasticity of demand for good X is -3, its income elasticity is -2, its advertising elasticity is 3, and the cross-price elasticity of demand between it and good Y is -5. Determine how much the consumption of this good will chan..
Illustrate and explain the changing demand for Big Mac using indifference curve and budget line.
How would you go about developing a value for k? What are the potential weaknesses of this model?
The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units
Mrs. Siegal has two alternative activities to help relieve her backache. In the first, she can visit a physiotherapist. The total time for a physiotherapist visit, including travel and waiting, is two hours. Mrs. Siegal earns a wage of $20 an hour. P..
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