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Alan has only two years in his life. He will earn $20,000 in year one and $11,000 in year two.Assume Alan saves $5000 in year 1 and the interest rate = 10%. a. How much (in dollars) does Alan consume in year 1? b. How much interest does Alan receive on his savings? How much does Alan receive in savings in year 2 (savings + interest)? How much does Alan consume in year 2? Include all this on the graph. c. Instead, if Alan saves $20,000 in year 1, then how much will he consume in year 2? How much will he spend in year 1? Instead, what is the most Alan can borrow against his future earnings? Now how much would he consume in year 1 if he borrowed all he could? How much would he have to spend in year 2? d. Graph the budget line, and include the endpoints. Since, by assumption, the consumption point in b is Alan's best choice, draw in his corresponding indifference curve for the consumption point in b. e. Congress often talks of reducing taxes on savings (and hence, increase the real return) with plans like IRAs etc., to increase savings. Show, using the concepts of income and substitution effects, that higher interest rate increases consumption in year 2 but may either increase or reduce the amount saved in year 1. (Hint: increase the interest rate to change the budget lines.) Graph the income and substitution effects.
Create a method to iterate through the list and have the three characters jump each of the heights contained in the list.
Imagine you are a senior systems administrator who has recently been given the task to help improve security of your company's IT infrastructure after a series of network security breaches. These breaches included someone accessing the network ..
a. Suppose that the PST appreciates relative to the EUR. For the following parts, you will not receive anycredit without providing an explanation.(i) In the UK: How would the export demand change? Why?-
Imagine you are employed by a large city police department as the leader of the digital forensics division. A large corporation in the city has contacted the police for assistance in investigating its concerns that the company Chief Financial Offi..
Describe the Function Point Analysis technique for deriving effort and cost estimates for software projects? Describe the COCOMO technique for deriving effort and cost estimates for software projects?
Write a program that reads expressions over binary operators +, -, *, /, ^ and parenthesis from the standard input and displays the result of evaluating the input expression to the standard output. The program must first read the priorities and as..
What are your most outstanding learnings in this course so far and how does this knowledge enhance your appreciation and understanding of Native people and culture?
Create a work plan listing the tasks that will need to be completed to meet the system's requirements - Create a Gantt chart that is based on the details of your work plan. You may use any drawing/presentation/project management tool with which you ..
identify a circle and move towards it
Draw an E-R data model for The Queen Anne Curiosity Shop database schemashown in Chapter 3's "The Queen Anne Curiosity Shop Project Questions." Usethe IE Crow's Foot E-R model for your E-R diagrams. Justify the decisions youmake regarding minimum ..
Rewrite the formal definition of a complete tree of height h.
Think of numerous cases where evidence could potentially be tampered with a cell phone or thumb drive. What can go wrong?
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