An individual can earn $12 per hour if he or she works. Draw the budget constraints that show the…

An individual can earn $12 per hour if he or she works. Draw the budget constraints that show the monthly consumption-leisure trade-off under the following three welfare programs: a. The government guarantees $600 per month in income and reduces that benefit by $1 for each $1 of labor income. b. The government guarantees $300 per … Continue reading "An individual can earn $12 per hour if he or she works. Draw the budget constraints that show the…"

By installing some elaborate inspection equipment on its assembly line, the Robot Corp. can avoid…

By installing some elaborate inspection equipment on its assembly line, the Robot Corp. can avoid hiring an extra worker who would have earned $26,000 a year in wages and an additional $7500 a year in employee benefits. The inspection equipment has a 6-year useful life and no salvage value. Use a nominall8% interest rate in … Continue reading "By installing some elaborate inspection equipment on its assembly line, the Robot Corp. can avoid…"

a) In the IS-LM-FE (Mundell-Fleming) open-economy macroeconomic model with imperfect capital…

a) In the IS-LM-FE (Mundell-Fleming) open-economy macroeconomic model with imperfect capital mobility, what does the term ‘imperfect capital mobility’ actually mean? (Clue: why is the FE curve not drawn horizontal?) (1 mark) b) In the IS-LM-FE (Mundell-Fleming) open-economy macroeconomic model with imperfect capital mobility, explain what happens to the FE curve when the domestic currency … Continue reading "a) In the IS-LM-FE (Mundell-Fleming) open-economy macroeconomic model with imperfect capital…"

The file salaries_01.wf1 contains data for senior officers from a number of UK firms. The…

The file salaries_01.wf1 contains data for senior officers from a number of UK firms. The variable salary is the salary that each officer gets, measured in thousands of pounds. The variable years_senior measures the number of years they have been senior officers, and the variable years_comp measures the number of years they had worked for … Continue reading "The file salaries_01.wf1 contains data for senior officers from a number of UK firms. The…"

Week 3 Assignment 1 – Submit Here Students, please view the “Submit a Clickable Rubric…

Week 3 Assignment 1 – Submit Here Students, please view the “Submit a Clickable Rubric Assignment” in the Student Center.Instructors, training on how to grade is within the Instructor Center. Assignment 1: Demand EstimationDue Week 3 and worth 200 points Imagine that you work for the maker of a leading brand of low-calorie, frozen microwavable … Continue reading "Week 3 Assignment 1 – Submit Here Students, please view the “Submit a Clickable Rubric…"

A foundation was endowed with $15,000,000 in July 2010. In July 2014, $5,000,000 was expended for…

A foundation was endowed with $15,000,000 in July 2010. In July 2014, $5,000,000 was expended for facilities, and it was decided to provide $250,000 at the end of each year forever to cover operating expenses. The first operating expense is in July 2015, and the first replacement expense in July 2014. If all money earns … Continue reading "A foundation was endowed with $15,000,000 in July 2010. In July 2014, $5,000,000 was expended for…"

Review the numbers for Canada and Venezuela from Table 19.12 which describes how many barrels of…

Review the numbers for Canada and Venezuela from Table 19.12 which describes how many barrels of oil and tons of lumber the workers can produce. Use these numbers to answer the rest of this question. a. Draw a production possibilities frontier for each country. Assume there are 100 workers in each country. Canadians and Venezuelans … Continue reading "Review the numbers for Canada and Venezuela from Table 19.12 which describes how many barrels of…"