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Some economists argue that immigration will overwhelm the welfare system, others that immigration will avert a pensions crisis. Which view do you support, and why?
Janet spends 5% of her income on gasoline and her utility function is Cobb-Douglas. If her income is $1000 per week, what is her demand function for gasoline per week
If your requested to type or print 10000 letter documents and your work just disappeared within the computer before sewed or printed it .what would you do?
Consider the model in Section 18.4.2. Suppose that the world consists of two countries with constant and equal populations, and constant savings rates, s1 > s2. Suppose that the production function in each country is given by (18.15), with k' corr..
Using the method described in Section 6.2, calculate the change in Albert's consumer surplus.
one in Toronto, Ontario, and the other in Halifax, Nova Scotia. Assume that both jobs were equally interesting to Sam and that he was indifferent between relocating to Toronto or staying in Halifax. Both positions offered a salary of $52,000.
What are situational chic's? Are they compatible with universal ethics? Are they likely to be better developed in shame cultures? Why?
c) Compute the elasticity of supply with respect to technology. d) Compute the elasticity of supply with respect to wage rate. e) Based on the elasticity of supply with respect to wages, what would happen to supply if the average wage increased fro..
a bank is offering to sell 6-month certificates of deposit for $9500. At the end of the 6 months, the bank will pay $10000 to the certificate owner. based on a 6-month interest period, compute the nominal annual interest rate and the effective ann..
How do the government bureaus different from private companies discuss why is there good reason to believe that bureaucrats will seek to supply more than efficient level of their output in any year?
Badyear Rubber has developed the following input costs for their truck and bicycle tires. The same rubber is used for both products. Given the constraints they face, how many units of rubber should be used for truck tires and how many should be us..
A team of carrying materials costs $ 15,000 and is expected to save 3,000 in operating costs the first year. The increase in operating and maintenance costs will reduce the net savings $ 250 per year until the equipment is replaced at the end of y..
Your credit card has a current balance of $4965.20. This Balance is accruing interest at a nominal rate of 9.0% compounded monthly. Assuming you didnt spend any more on this card, what uniform monthly payment over the next 36 months would be requi..
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