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Jay's utility function is U= square root of M , and his initial wealth is 1024. Will he accept a gamble in which he wins 272 with probability 2/3 and lose 700 with probability 1/3?
In a class of 40 student,18 pass maths, 19 pass account,16 pass economics 5 pass maths and account only, 6 pass maths only, if each student pass at least one of the subject.Calculate the probability that a student selected at random fail in account.
An Interpretation, Princeton Essays in International Finance 64, International Finance Section, Department of Economics, Princeton University, February 1968.) Do you agree with Swoboda's interpretation?
You are the chairperson of the Board of Governors of the Federal Reserve. You believe in a Keynesian model of the economy, and your goal is to keep the economy at the full-employment level of output. How would you respond (tightening or easing pol..
Illustrate what is more important for them to monitor and target, inflation or interest rates.
At the end of 2002, the (1-year) interest rate was 1% in the U.S., and 26% in Argentina. Recall that at the same time, the spot rate for the Argentine currency was Peso 4.00/$.
A firm has fixed cost of $100 and average variable cost of $5 X Q, where Q is the number of units produced. a. Construct a table showing total cost for Q from 0 to 10 b. Graph the firm's curves for marginal cost and average total cost.
Growth of capital, labor and productivity in the economy - Role of fiscal policy in GDP growth (taxes, spending and debt)
A country's long -run equilibrium price level has increased, but the position of its aggregate demand schedule has not changed. what has happened? what specific factors might have accounted for this event?
A perfect competitive firm has the cost function TC = 1000 + 2Q + 0.1 Q^2-What is the lowest price at which the firm can break even?
Can policymakers exploit the Philips curve relationship by trading more inflation for less unemployment in the shortrun? In the long run?
Look at a recent example of a merger announcement, and log on to the website of the acquiring company. What reasons does the acquirer give for buying the target?
P stands for price Pr stands for price of related good also N stands for per capita disposable income.
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