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Please show all work for this assignment and explain your derivations. Lack of step-by-step work will not be credited. Partial credit will be given for step-by-step description of answer.
A taxi driver plans to pick you up at the airport and drop you off at the bank so you can complete some financial transaction before you head home. He notes that the change in vehicle operating cost (VOC) is 42 cents per mile. Given that his fuel consumption per minute is 0.2, what is the approximate price of fuel for this given arrangement if you delayed the driver for 48 minutes at the bank?
The simple interest for buying a passenger transit rail is shown as the product of the principle amount (P), time (in years), and annual rate (R). The City of Phoenix plans to buy five additional mass transit cars for $15 million, and pay off its loan in 10 years. What would the annual percentage rate be if the city plans to make an interest payment of $2 million?
q1. in country a the opportunity cost of a ton of cereal is 100 gallons of beer. in country b the opportunity cost of
Output per worker yt = 4kt 1/3, the saving rate is 30 percent, and the depreciation rate is 13.3 percent. Calculate the steady-state values of capital per worker and consumption per worker.
Illustrate what is the basic objective of monetary policy. What are the major strengths of monetary policy.
Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
Suppose the government decides to increase taxes by $50billion and to increase transfer payments by $50 billion. Illustrate what effect would there be on aggregate demand.
Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency.
How might efficiency wages contribute to downward wage inflexibility, at least for a time, when aggregate demand declines.
Bayer Schering Pharma AG, Germany owns the Alka-Seltzer, which was launched in 1931 and was meant for relief of minor aches, pains, inflammation, fever, headache, heartburn, sour stomach, indigestion, and hangovers. The Alka-Seltzer Plus was a spin-o..
Cutting the corporate income tax can potentially increase the pace of technological change resulting in the aggregate supply curve shifting to the right.
Discuss the short run and long run implications of the explanation for the aggregate economy.
How many people should the owner hire if he pays each worker $6/hour? c. Suppose he considers hiring students on a part-time basis for $4/hour.
Elucidate why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the United States.
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