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Q. 1. George is working at a job to pays $25,000 a year. He is contemplating getting a two-year degree. It will cost him $5,000 for tuition also books each year also he will not be able to work while attending school. He estimates to his salary will rise by $10,000 per year after completing his education. The interest rate is 10%.
a. If George retires 1 year after getting his degree, should he enroll? Elucidate how all work also Elucidate.
b. If George retires 5 years after getting his degree, should he enroll? Elucidate how all work also Elucidate.
2. Assume to latest discoveries in biochemistry significantly lengthen our life expectancy. Illustrate what is the impact on the educational attainment of workers?
Provide an example of a specific industry that you believe fits the model also elucidate your rationale.
Graph the demand curve for X given the above information. Elucidate how will the demand curve change if M falls to 35,000.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
Illustrate what does the evolution of Coke's strategy tell you about the convergence of consumer tastes and preferences.
Explain how many units of housing would the government have to increase the provider of housing in order to get the market equilibrium rental cost.
What is a budget deficit. Explain how are budget deficits financed? Why do Keynesians believe that budget deficits will increase aggregate demand.
What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low.
The college has annual fixed costs of $10 million, also the variable cost for every additional student is $5,000.
Required all pharmaceutical firms to sell their drugs in a competitive market with no ability to patent their break.
Explain how the U.S. economy may self-correct back to the long-run equilibrium where actual GDP equals to full GDP and there is full employment.
Which of the variables above is NOT statistically significant at the 0.05 level.
illustrate what fee customers were willing to pay for expedited payments, the bank conducted a survey. It was able to determine that many of the people surveyed already paid fees for expedited payment services.
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