Reference no: EM131393992
DRAW BIG GRAPHS TO IMPROVE CLARITY
1. Suppose that John could work 365 days per year and could earn $200 per day for each day he worked. Draw his budget line with respect to his labor-leisure choice.
2. Suppose that John chooses to work 200 days per year. Draw the appropriate indifference curve, and note his equilibrium wage income and labor-leisure choices
DRAW BIG GRAPHS TO IMPROVE CLARITY
1. Suppose that Martha's income is $40,000 per year. She can spend it on health care visits, which cost $80 per visit, or on groceries (standing for "all other goods"), which cost $100 per bag of groceries. Draw Martha's budget constraint. Using indifference curves, show Martha's optimum if she buys 300 bags of groceries per year.
2. Suppose Martha's income rises to $42,000 per year, and that she increases her consumption of health care visits by five visits. Using the graphs for Question 1, draw the new equilibrium. What is her income elasticity of demand for health care visits?
|
What three points will you emphasize the most and why
: Earl Whitecloud is an American high-school student. He is constantly teased and bullied by his classmates because he occasionally wears clothing that represents his Native-American heritage. As a result, Earl spends most of his time at school alon..
|
|
Describe how crm would benefit the organization
: Describe how it would benefit the organization. Specify what social media you would use to enhance the customer relationship with Envirotruck. How social media you chose would enhance Envirotruck's relationship with customer.
|
|
Which intern''s report has the error
: The CFO agrees with the final accept/reject decision that each intern made. But she spotted an error in the numbers reported by one of the interns.
|
|
Describe how your life would be different had these cultural
: The purpose of this assignment is to illustrate recognition of your own cultural background and how your worldview has been shaped by your family, role models and life experiences. This autobiography will help you express an appreciation for your ..
|
|
What is her income elasticity of demand
: Suppose Martha's income rises to $42,000 per year, and that she increases her consumption of health care visits by five visits. Using the graphs for Question 1, draw the new equilibrium. What is her income elasticity of demand for health care visi..
|
|
Determine the project’s internal rate of return (irr)
: determine the project's internal rate of return (IRR) and its net present value (NPV) at required rates of return equal to 10 percent, 13 percent, and 15 percent.
|
|
Evaluate level of efficiency of utilization of the tool
: Evaluate level of the efficiency and effectiveness of the utilization of the tool within the project that you selected. Justify your response.
|
|
Give the answer of muliple choice question
: Individual decision making is a good approach when. A poor decision with ethical implications can escalate an emergency into an unmanageable situation.When applying the problem-solving model to ethical solutions, be sure to consider.Which of the foll..
|
|
Compute the project’s net present value (npv)
: Kansas Furniture Corporation (KFC) is evaluating a capital budgeting project that costs $34,000 and is expected to generate after-tax cash flows equal to $14,150 per year for three years. KFC's required rate of return is 12 percent.
|