1. Suppose there are five people – 1, 2, 3, 4, and 5 – who rank projects A, B, C, and D as follows:
1
2
3
4
5
A
A
D
C
B
D
C
B
B
C
C
B
C
D
D
B
D
A
A
A
a. Sketch the preferences, as in Figure 6.2.
b. Will any project be chosen by a majority vote rule? If so, which one? If not, explain why.
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1 Suppose That The Election Of A Popular Candidate Suddenly Increases People S Confi 2839945
/in Uncategorized /by developer1. Suppose that the election of a popular candidate suddenly increases people’s confidence in the future. Use the model of aggregate demand and aggregate supply to analyse the effects on the economy.
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1 Suppose That The Indifference Curves Between Consumption And Leisure Are Concave T 2652702
/in Uncategorized /by developer1. Suppose that the indifference curves between consumption and leisure are concave to the origin. How many hours will a person allocate to leisure activities?
2. Suppose that the price of goods purchased in the marketplace rises. What is the impact of this price increase on the worker's reservation wage, on the worker's probability of entering the labor force, and on hours of work?
3. What happens to a worker's desired hours of work if employers pay an overtime premium equal to “time and a half'(that is, 1 .5 times the straight-time wage) for any hours worked in excess of 40 hours? What would happen to hours of work if the overtime premium were raised to double the straight-time wage?
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1 Suppose That The Treasurer Of Ibm Has An Extra Cash Reserve Of 100 000 000 To Inv 2263768
/in Uncategorized /by developer(1) Suppose that the treasurer of IBM has an extra cash reserve of $100,000,000 to invest for six months. The six-month interest rate is 8 percent per annum in the United States and 6 percent per annum in Germany. Currently, the spot exchange rate is €1.01 per dollar and the six-month forward exchange rate is €0.99 per dollar. The treasurer of IBM does not wish to bear any exchange risk. Where should he/she invest to maximize the return?
(2)Due to the integrated nature of their capital markets, investor in both the U.S. and Great Britain require the same expected real interest rate of 3 percent. The expected annual inflation in the U.S. is 2 percent and in the U.K. expected annual inflation is 5%. The spot exchange rate is currently £1.00 = $1.80. Calculate the nominal interest rates in Britain and the U.S. assuming the Fisher effect holds.
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1 Suppose That The Skills Acquired In School Depreciate Over Time Perhaps Because Te 2652648
/in Uncategorized /by developer1. Suppose that the skills acquired in school depreciate over time, perhaps because technological change makes the things we learned in school obsolete. What happens to a worker's optimal amount of schooling if the rate of depreciation increases?
2. Suppose that workers differ in their ability, but have the same rate of discount. Is it possible for the more-able workers to choose less schooling? Why?
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1 Suppose That We Disallowed Recursion In Ada Would It Be Possible To Construct A Fu 2110550
/in Uncategorized /by developer1. Suppose that we disallowed recursion in Ada. Would it be possible to construct a fully static environment for the language? Is the same true for C?
2. Describe how, in a language without procedure parameters, the environment pointer of a procedure closure does not need to be stored with the procedure, but can be computed when the procedure is called.
Q
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1 Suppose That You Enter Into A Six Month Forward Contract On A Non Dividend Paying 3300701
/in Uncategorized /by developer1. Suppose that you enter into a six-month forward contract on a non-dividend-paying stock when the stock price is $30 and the risk-free interest rate (with continuous compounding) is 12% per annum. What is the forward price? 2. A stock index currently stands at 350. The risk-free interest rate is 8% per annum (with continuous compounding) and the dividend yield on the index is 4% per annum. What should the futures price for a four-month contract be?
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1 Suppose The Government Grants 2 500 Per Child To Households That Have More Than Tw 2652811
/in Uncategorized /by developer1. Suppose the government grants $2,500 per child to households that have more than two children. Do these child allowances influence the fertility behavior of households that had no children prior to the government program?
2. A worker plans to retire at the age of 65 when he will start collecting his retirement benefits. There is a sudden change in inflation forecasting, and inflation is predicted to be higher than had been expected. Prices and wages are now expected to go up. What effect will this announcement have on the person's retirement age preference:
a. If his retirement benefits were fully adjusted for inflation?
b. If the retirement benefits were not fully adjusted for inflation?
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1 Suppose The Marginal Social Cost Of Fighter Aircraft Each Year Exceeds Their Margi 2857389
/in Uncategorized /by developer1-Suppose the marginal social cost of fighter aircraft each year exceeds their marginal social benefit Are fighter aircraft being produced at an efficient level?
2-The marginal social benefit of college enrollments currently exceeds its marginal social cost . Use a graph to demonstrate the gain in efficiency that would result from an increase in college enrollment.
Attachments:
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1 Suppose The Government Imposed A Maximum Wage In The Market For Some High Paying J 1897836
/in Uncategorized /by developer1. Suppose the government imposed a maximum wage in the market for some high-paying job. Draw a diagram to illustrate this market. What would be the consequences of this maximum wage?
2. Explain why, when we analyze the minimum wage, the elasticity of labor supply affects the unemployment rate but not the employment rate.
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1 Suppose There Are Five People 1 2 3 4 And 5 Who Rank Projects A B C And D As Follo 2483934
/in Uncategorized /by developer1. Suppose there are five people – 1, 2, 3, 4, and 5 – who rank projects A, B, C, and D as follows:
1
2
3
4
5
A
A
D
C
B
D
C
B
B
C
C
B
C
D
D
B
D
A
A
A
a. Sketch the preferences, as in Figure 6.2.
b. Will any project be chosen by a majority vote rule? If so, which one? If not, explain why.
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