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How does a utility-maximizer decide how much to work and how much time to spend in leisure activities?
1.Let X and Y be independent N(0, 1) random variables, and define a new random variable Z by Z =X if XY > 0 -X if XY
You expect to receive a payment of $104 one year from one. Your discount rate is 4 percent. What is the present value of the payment to be received? Suppose that the discount rate is 5 percent what is the present value of the payment to be received?
A computer company’s cost function, which relates its average cost of production (AC) to its cumulative output in thousands of computers. Will its average cost increase or decrease. Explain.
monetary value of all final goods and services produced within a nation in a particular year.
Compute the new macro equilibrium under the assumption that the central bank does not respond to this shock and explain how the central bank could choose to validate this shock. Alter the AD curve to build this "validation" into the model and comput..
individuals firms governments and countries are faced with choices because all resources are scarce. a production
Your friend invests and patents a portable ice cream carrier (PCC) which you plan to manufacture as well. You determine the demand function for the product is
A firm in a perfectly competitive market invents a new method of production that lowers its marginal costs. what happens to its output or what happens to the price it charges.
the website for the economic report of the president is given below. you will need to download the following microsoft
Why do we consider a business-cycle expansion different from long-run economic growth? why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population?
You are a designer of children's clothing and decide to open a children's clothing store. You find a nice space in a local mall and agree to sign a one-year lease agreement that runs from September 1 to August 31.
Create a graph of that charts out the Federal Surpluses / Deficits and Real GDP in each year from 1965 to 2011. (Be careful with the Surplus / Deficit data, since there is an additional entry to account for a change in how the data ..
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