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Suppose you have won the North Carolina Lottery of $8 million and there are two options for you: (1) An equal payment of $1 million for eight years (no taxes to consider); (2) A lump sum of $5.2 million in the first year. Assume the market interest rate will be 6% for all these years.
Illustrate what is the size of the labor force. Illustrate what is the official unemployment rate.
Explain how they will help to improve the GDP as a tool for measuring the well-being of a nation.
Explain how does the U.S. Government correct for this apparent market failure.
Illustrate on your graph and in words all important points and areas on the business cycle.
Who would pursue the first objective (maximizing revenues). Explain how could Ralph Lauren s managers provide an incentive for profit-maximizing behavior.
Illustrate what happens to the demand curve for turkey in the u.s. In November. What happens to the curve after the holiday. Why do these changes occur.
Explain why perfect personalized pricing is typically more profitable than menu pricing.
Compute the price elasticity of demand for TV Plasmas. Explain how could we classify the demand for TV Plasmas.
Utilize the information from the completed table also the graphs to identify the three stages of production also explain why the industry's short run production has only one ‘rational' stage of production.
If consumption and government purchases go up, what happens to GDP in the long run. Show this graphically.
Compute the resulting equilibrium price quantity combination for every industry. Illustrate your answer with a suitable graph.
Calculate the purchasing power parity exchange rate between the Swiss franc and the dollar. Based on your calculation, is the SF overvalued or undervalued.
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