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Sophia, an interior decorator living in Beverly Hills, receives $25,000 in alimony every month from her former husband. This is not enough however to support the lifestyle to which she has grown accustomed. She has therefore chosen to supplement her alimony with income from her interior decorating business. She charges $100 per hour for her services. Since she sleeps 9 hours a night, the maximum number of hours she can work a month (taken as 30 days) is 450. She gets pleasure not only from her spending money but also from her leisure hours. Draw her budget constraint in leisure-expenditure space. (Thus, leisure is on the x-axis and expenditure is on the y-axis).
Describe and answer in economic terms the question, should a company hire temp teachers or hire new teachers?
First, read Fuguitt and Wilcox, pages 181-183. Then, from the Stock and Watson text Web site find a data file CAschooldistricts that contains data on school districts for 420 districts in California. A detailed description is given in CAschool_D..
Suppose that the economy is already in a recession, and both President and Congress have decided to do something to restore the economy.
Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT: maximize total costs maximize output, subject to a breakeven constraint maximize the happiness of the administrators of the NFP enterprise maximize the utility..
Illustrate what are the long-run effects on prices, output, and profits in monopolistic and monopolistically competitive industries.
Explain how does inflation affect an company's decision-making process.
Characterize each of the following statements as true or false, and explain your answer.
In view of the problems involved in regulating natural monopolies, compare socially optimal (marginal cost) pricing and fair?return pricing by referring again. Assuming that a government subsidy might be used to cover any loss resulting from margi..
In a two play, one shot simultaneous move game every player can select strategy A, each earns a payoff of $500. If both players choose strategy A,
Explain poor benefit from growth. Illustrate what kinds of policies are required to reduce the magnitude and extent of absolute poverty.
Explain how much is the market paying per share for growth opportunities. Exzplain what is your expected one-year holding period return on HP stock.
As all points on a contract curve are efficient, they are all equally desirable from a social point of view.
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