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The local swimming pool charges nonmembers $10 per visit. If you join the pool, you can swim for $5 per visit, but you have to pay an annual fee of $F. Use an indifference curve diagram to find the value of F that would make it just worthwhile for you to join the pool. Suppose that the pool charged you exactly that value, would you swim more or less than you did before joining? Use income and substitution effects to explain your answer. In what sense will joining the pool be a commitment to getting more exercise?
q1. what is true about using the least squares method of plotting an estimated regression line on a scatter diagram?q2.
The market labor supply curve is
Explain how should the United States Supreme Court interpret the United States Constitution.
If interest is compounded at 15% per year, how long (i.e., the number of year-long periods) will it take for $50,000 to accumulate to $66,125? Hint: you can check your work using the FV function in Excel with the annual payment set to zero, since we ..
For every of the subsequent goods, indicate whether you expect demand to be inelastic or elastic also explain your reasoning
Which of the government policies below is not likely to encourage per capita economic growth.
The subsequent cell-phone offer by Sprint is typical of Illustrate what one can get on a cell phone plan. Illustrate what is marginal cost.
Suppose the one-year interest rate on Swiss France is 10% and the US Dollar interest rate is 12% and the current $/SF spot rate is 0.8. What do you expect the 12-month forward rate by using the interest rate parity? Suppose the actual 12-month forwar..
Suppose the Bank of Japan (BOJ) and the Federal Reserve Bank decide to coordinate policy in an effort to lower the dollar exchange rate (that is, to reduce the number of Japanese yen needed to purchase one dollar). The policy coordination needed to r..
Home and Foreign both produce cars and food using labor and capital. In each country, labor and capital are both freely mobile across industries. It takes 5 units of labor and 3 units of capital to produce 1 unit of food, and 4 units of labor and 4 u..
Assume the market for corn is comprised of many buyers and sellers and resembles perfect competition. The use of corn to make ethanol as an additive to gasoline can lead to an increase in the price of other grain crops (e.g., soybeans). Indicate whet..
q1. go to the above website scroll down to table h2 and select all races. compute the percentage change in the shares
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