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Linda's husband dies, naming her the sole beneficiary of a $500,000 life insurance policy.
The insurance company informs her that she has two options: (1) she can receive the entire $500,000 in one lump-sum payment or (2) she can receive annual installments of $58,000 for ten years.
a. How much does Linda include in gross income if she takes the lump-sum payment?
b. How much does Linda include in gross income each year if she elects the installment payments?
Discuss the role of corruption in the modern economy. Give specific examples of instances of corruption duringa) S&L crisis and the recession of 1991 b) Enron and the recession of 2001 c) Subprime mortgages and the recession of 2007
Summarize an article using at least three economic terms and theories covered in class. Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). Draw a supply and demand graph to explain this chan..
Use the following information for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers firm will employ to maximize profits.
In "The Consequences of Mr. Keynes," James Buchanan and Richard Wagner argue that the "unwritten fiscal constitution" of an annual government balanced budget helped restrain the growth in government, but the Keynesian argument for a balanced budge..
Elucidate what term do economists utilize to describe this second outcome
Show the weekly relationship among output also number of workers for a factory with a fixed size of plant.
Several cities regulate the taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab,
Draw the relavant isoquant map and isocost line if the cost of labor is $4 per work-hour and the cost of glass is $4 per pound and 90 light bulds are to be produced. What is the cost minimizing combination of glass and labor.
The table above has the market demand schedule in an industry that has two firms in it. The marginal cost of this product is zero because these two firms have exclusive ownership of the resource and it does not cost any additional amount to produc..
As a manager of a financial planning company you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement
How many economic activities can be seen in this particular market? Which specific goods/services are related with these economic activities?
What price and quantity will the monopolist produce at if marginal cost is a constant$4 ? Compute the dead weight loss from having the monopolist produce, rather than the perfect competitor
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