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For this week's discussion (in the standard 500 words or less), using the supplemental readings from Week IV describe what you think would have been the reaction of Georg Simmel to the iPod and 'Smart Phone'. Also,using one of the three secondary source readings (1900; From these Beginnings; "Mark Twain"; or Edwardian Turn of Mind) identify one aspect of that reading that you found, for whatever reason, either interesting/memorable/valuable/unexpected/disturbing, and why.
Shirley thinks that two 8-ounce cans of soda are exactly as good as one 16-ounce can of soda. Suppose that these are the only sizes of soda available to her and that she has $30 to spend on soda. Write down Shirley's demand functions for general pric..
Consider an economy where there are N consumers, each of them having one unit of available time.
There are several studies that have attempted to empirically investigate how these theoretical channels may affect a host country. What are the conclusions of these studies? Were there mostly positive impacts or negative impacts on a host country? Ex..
By raising and lowering short-term interest rates to keep inflation moving at a steady pace, many central bankers and academics thought they had finally found a monetary policy solution to conquer booms and busts of the business cycle. When would int..
When the economy is regularly hit by TFP shocks we say the one-period model is useful because it realistically predicts that : Suppose that in the one-period model the government wants to maximize output and the time endowment is expressed in hours (..
Which of the following always decreases as output increases? The Southern Tree Trimming Corporation reported an accounting profit of $35,000 and a normal rate of return of 15 percent on capital and enterprise of $30,000. The opportunity cost of labor..
Under the pure signaling model, the social benefit associated with education is
Shellys preferences for consumption and leisure can be expressed as U(C, L) = (C − 200)(L − 80) (1) This utility function implies that Shellys marginal utility of leisure is C − 200 and her marginal utility of consumption is L − 80. Find Shellys opti..
Explain why the food stamp program can have the same effect on the consumption pattern and well-being of recipients as an outright.
Illustrate what salary would be required for the soldiers to be as well off as with the allowance.
Bill’s demand for hamburgers (a private good) is Q = 21 – 6P and Ted’s demand is Q = 6 -3P. (a) Write an equation for the social marginal benefit of hamburger consumption. (b) If hamburgers are a public good, what is the equation for the social margi..
You borrowed $20,000 at a rate of 12% compounded monthly. It will be paid back in 60 equal payments over the next 5 years. Immediately after your 30th payment, you decide to pay off the balance. How much do you have to pay?
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