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Learning Log- Entry 3 Given an income equation, $150 = ($1...

Learning Log- Entry 3 Given an income equation, $150 = ($10xWine) + ($5 X Crackers) and utility function: U = (w.^75c^25) a) Put Wine on the ‘x’ axis, and Crackers on the ‘y’ axis, and find both intercept points and solve for and graph a budget constraint for these tw...

1. Assume you have an asset which will pay 5,000 dollars at ...

1. Assume you have an asset which will pay 5,000 dollars at the end of each year forever. Then, if the interest rate is 5% per year, the value of the asset is a) 25,000 dollars b) 50,000 dollars c) 100,000 dollars d) 500,000 dollars 2. Assume product A and product B are complements. Then, an i...

2. Consider a market in which the behavior of consumers is d...

2. Consider a market in which the behavior of consumers is described by the inverse demand function p p=30-1/9 = 30 1 In addition, assume there is a monopoly in this market with the following total cost function c(q)=209 a) Determine the optimal price and quantity and compute the profit of the...

Interpreting Macro Data A spreadsheet includes 50 years of ...

Interpreting Macro Data A spreadsheet includes 50 years of monthly data on payroll employment and the unemployment rate. Use the spreadsheet to calculate: 1. The increase in the number of jobs for each month during the 50-year period 2. The average number of jobs added per month 3. The averag...

1. This question is worth 40 points- points each, except for...

1. This question is worth 40 points- points each, except for subparts (a) and (j), which are worth 6 points each. Use the file "Data for Question 1." This file contains 79 quarterly observations (1999-1 to 2016-4) on the following variables: APP: Sales of new major appliances in...

Part I - Historical Prices (1995) 1. Find the prices for...

Part I - Historical Prices (1995) 1. Find the prices for five products in the year you were born. Be as specific as possible regarding brand names and quantities (i.e. One Hershey chocolate bar). An internet search or Archived newspapers and magazines are good places to find prices from long ago...

1) What are the two distinguishing properties of a public go...

1) What are the two distinguishing properties of a public good? Explain each in one or two sentences. Give an example of a public good different from any of the examples in your text or my notes. 2) What is the "free rider" problem and how is it related to the distinctive propert...

1. Go to the Federal Reserve Website and find the latest dat...

1. Go to the Federal Reserve Website and find the latest data (not seasonally adjusted) for the following monetary aggregates: a) Total Reserve Balances Maintained with Federal Reserve Banks b) Currency in circulation c) Monetary Base: Total d) Required Reserves of Depository Institutions e) To...

The Consumer Price Index (CPI) for December 2018. These data...

The Consumer Price Index (CPI) for December 2018. These data were released on January 11 by the Bureau of Labor Statistics (bls.gov) which is part of the U.S. Department of Labor. Third quarter real GDP (3rd estimate). These data were released on December 21 by the Bureau of Economic Analysis (be...

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