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Consider an economy with a single consumer. The government gives the consumer a bond with a face value of $1,000. Has the wealth of the consumer increased? Alternatively, the government levies a tax of $1,000 on the consumer and promises to pay a pension. Has the wealth of the consumer decreased?
Suppose that the price of a stock is $50 at the beginning of a year and $53 at the end of the year, and it pays a dividend of $2 during the year. Calculate the stock's current yield, capital-gains yield, and the return.
Will there still be fishing by 10 firms? Is this tragic or not? c. Also plot function and show production for 2 and 12 firms.
A civil engineering consulting firm is evaluating its cash flow requirements for the next 7 years. The company expects to replace computer equipment and furniture at various times over the 7-year planning period. Specifically, the company expects ..
You are given the following information on the bond market: Money available on January 1, 2004: one thousand dollar interest rates on January 1, 2004, on bonds of different maturities: 1 year, 4%; 2 year, 5%; 3 year, 5.5%; 4 year, 6%
a) Calculate the equilibrium price and quantity, and show them on a diagram. b) Assuming a price higher than the equilibrium price, anddetermine the excess supply.
Mac Rowe doesn't sweat the petty stuff. In fact, he just cannot detect small differences. He consumes two goods, x and y. He prefers the bundle (x,y) to the bundle (x',y') if and only if (xy - x'y' > 1) . Otherwise he is indifferent between the tw..
Bank North advertises, "We pay 6.5%, compounded daily." Bank South advertises, "We pay 6.5%, compounded continuously." If you deposit $10,000 with Bank South for one year, how much additional interest will you receive
1. 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 ..
Which countries appear to have benefited the most from international trade during the last few decades? What policies do these countries seem to have in common? Does their experience lend support for the infant industry argument or help to argue a..
The cross-tabulation below classifies US states by median household income and by household Gini coefficient (a measure of income inequality). Use the cross-tabulation to answer the questions that follow.
Given that revenues from these congestion charges are invested in the city's transport system, how will this affect the charge level holding all other variables constant?
What would an auditor accomplish by altering or destroying the work papers?
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