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Problem
1. Describe a situation from your own experience in which you are time inconsistent. What have you done (or might you do) to accomplish the goals of your future-oriented self?
2. You have a friend who is always resolving to improve her grades, but who never seems to find time to study. Explain to her how time inconsistency might be affecting her choices and suggest some steps she might take to meet her goal.
Assume the money supply (M) is $1,200 billion, bank deposits (D) are $800 billion and the required reserve ratio is 10%. What would the Fed have to do (in terms of open market operations) to lower the money supply by 5%? Explain. (Note assume that th..
The minimum acceptable price for a product that producer Sam is willing to receive is $15. It is $12 for producer Sue. The market price they could get for the product is $18. What is the amount of the producer surplus for Sam and Sue combined
The park and recreation department of Cass County has estimated that the initial cost of a park will be $2.3 million. Annual upkeep costs are estimated at $ 120,000. Benefits of $340,000 per year and dis-benefits of $ 40,000 per year have also been i..
imagine that you have been hired as a consultant for a university that wants to leverage social media and networking
Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price
Presume we have two independent binomial random variables that both have success probability in a single trial of p. The random variable X denotes the number of successes in three trials, whereas the random variable Y represents the number of success..
Explain in your own words what it means when one alternative stochastically dominates another.
What analysis did you use to select the target or targets? Why did select this target, and what were the factors? When: When will the acquisition occur, and why is this time period important?
the price of a first class stamp is .42 cents in 2009. the price of the same first class stamp in 1975 was .13 cents.
What is a Cartel? Is Cartel good for our economy?
What is the variable cost of production when the firm produces 115 lanterns and What is the average total cost of production when the firm produces 120 lanterns?
A can manufacturing company produces and sells three different types of cans:Versions X, Y, and Z. A high-level, simplified profit/loss statement for the company is provided here. Corporate overhead(rent, general and administrative expense,etc.) i..
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