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Q. Draw a diagram of consumption and work hours (work hours not leisure hours) Put consumption on y axis and hours worked on x axis. Matt earns a wage of $20 per hour. What is his budget constraint in terms of Consumption and Hours Worked? Draw his budget constraint on diagram. Now draw several indifference curves and indicate utility maximizing level of Hours worked and Consumption.
For every of the subsequent goods, indicate whether you expect demand to be inelastic or elastic also explain your reasoning
one receives a higher salary with the successful completion of degrees or the earning of diplomas. Elucidate how the sheepskin effect is analogous to SIGNALING MODEL.
Suppose that government decides to charge cola consumers a tax. What is incidence of tax that falls on producers.
Assumes that wheat producers lobby the government for a price floor also receive one.
Di9scuss what will happen in this market as it moves to a new equilibrium. If a hard freeze eliminate Brazil's premium coffee crop, what will happen to the price of the premium coffee.
If the bond matures in five years and Jerry can buy one now for Â£3500, elucidate what is his IRR for this investment.
If country desires to smooth consumption, explain how much it should borrow in period 0. Illustrate what will level of consumption and trade balance is from then on.
Discuss opportunities to expand in U.S., what would take and potential hurdles firm would have to overcome. Be sure to identify specific retail companies that could potential sell CPI's products, markets that would be attractive and some of financ..
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or shareholders) worse off. Do you agree or disagree.
Illustrate what are equations for IS and LM curves. Illustrate What is equilibrium level of income and interest rate.
Illustrate car production is capital intense relative to textiles. The US is capital abundant and China is labor abundant. Under trade, both countries produce both goods. If the labor endowment were to increase in the US, this would.
A forest owner in a developing country claims that he earns more m1y with carbon sequestration than with timber production.
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