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Q1. Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%. A person can work up to 2,000 hours per year at $10 per hour.
A. Draw the person's budget constraint without the income guarantee.
B. Draw the person's budget constraint with the income guarantee.
C. Assume the income guarantee rises to $9,000 but with a 100% reduction rate. Draw the new budget constraint.
Q2. The May unemployment figures were released Friday, and at 8.2%, unemployment had increased by .1%, and new jobs were less than half of the projected number. What impact will this have on the U.S. economy?
compare and contrast the political and economic differences of at least two countries (for example India and the United States); and 4) discuss what managers can do to successful work with the opportunities and challenges present in this global ..
Let customer's tastes change so that consumers now demand 100 more units at each price. When the cost of the good is $50, elucidate how many units of the good are demanded?
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Illustrate which of the three cases, if any, do you think that demand has increased more rapidly than supply. Explain your reasoning.
according to the midpoint formula, the value of price elasticity of demand for Pepsi-Cola.
Calculate the standard deviation of annual sales. Calculate the coefficient of variation of annual sales.
A state government wants to provide incentives for single parents to enter the labor market and become engaged.
Elucidate the effect of capital formation by comparing the present times and ten year in the future for thtwo economic.
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She can earn an annual interest rate of 4% or a nominal interest rate of 3.95% compounded continuously. Which is the best option and at the best interest rate, what will the account balance be after 25 years?
Elucidate what other evidence could a manager look for to infer whether a market is in equilibrium. What are possible causes of the shortage.
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