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Greg earns $10 per hour for work for up to 30 hours of work each week. He is paid $15 dollars per hour for every hour in excess of 30. Greg faces a 15 percent tax rate and pays 3 dollars an hour in child-care expenses for each hour he works. Greg receives $40 in welfare a week .There are 168 hours in the week. Graph and fully label Greg’s non-linear budget constraint. When graphing the budget constraint, incorporate taxes and childcare expenses into his wage so that we are graphing his final wage.
Mom belongs to a dealer's association and the members have kept careful records of how the forecaster has performed - Once she gets the forecast she can proceed with her decision as place a big order or a small order.
say you are the manager of a perfectly competitive firm selling a product. your business is making a loss because total
A $1000 face value bond has a 6.85 percent semi-annual coupon and sells dor $980.00. What is the current yield? A 7 percent coupon bond has a face value of $1000 and pays interest annually. The current yield is 6.8 percent. What is the current price ..
How much is she actually paying the credit card company, including interest, when her credit card is paid off?
q1. dominant price leadership exists when the dominant firm establishes the price at the quantity where its mr mc and
A $200,000 bond having a bond rate of 8% payable annually is purchased for $190,500 and kept for 6 years, at which time it is sold. How much should it sell for in order to yield a 7% effective annual return on the investment?
Describe the concept of strategic interaction in game theory and how it differs from single agent or player games (e.g. a monopoly or an individual maximizing their utility)
Explain why consumer ratings are so very important to consumers today. The reality of it is that consumers are willing to take the word of a perfect stranger over that of a credible company. Aside from the profit motives of the company, why is this p..
A glass factory sold $1,000,000 of glass to an automobile factory. An automobile factory sold $10,000,000 in automobiles to final consumers. Given these events, calculate the GDP of Autoland using a. the final goods approach. b. the value-add..
illustrate what would take place in the US marketplace for loan able funds. In particular to US interest rate, savings also investment.
Should Roscoe's Rascals match the price offered by the competitor.
illustrate what additional effect follow this initial affect. what is the total affect of the tax cut on aggregate demand.
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