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Q. Presume a worker with an annual discount rate of 10% which is currently resides in Pennsylvania and is deciding whether to remain there or to move to Illinois. There are 3 work periods left in the life cycle. If worker residue in Pennsylvania, he will earn 20,000 dollars per year in each of the three periods. If the worker moves to Illinois, he will earn 22,000 in each of the three periods. Assume that he get paid at the beginning of each period so that you don't have to discount the first cash-flow.
What is the highest cost of migration that a worker is willing to incur and still make the move? Show your result?
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
Should Roscoe's Rascals match the price offered by the competitor.
Choose on which market structure that these businesses fit - monopolistic competition, perfect competition, and oligopoly also monopoly.
Suppose that the demand for orange increases. Carefully explain how the rationing function of price will restore market equilibrium.
Determine the new equilibrium price and quantity and how much tax revenue does the government earn with $6 tax.
Demonstrate by example about production which exhibits constant returns to scale.
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Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
Elucidate what is the present discounted value of the cost of the car if you use GM's interest-free financing
Using the slope of the health expenditure function, predict the change in per capita health care expenditures that would result.
When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra.
Explain how much does consumption change this year in absolute dollars as a result of a $5,000 annual tax cut to your income, if the tax cut.
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