1.) Suppose it takes Zeeland 5 labor hours to make each car and 15 labor hours to make each robot, while it requires Antigo 1 labor hours to make each car and 10 labor hours to make each robot. Further suppose each nation has 90 labor hours available. 2.) What is the opportunity cost of one car for Antigo and for Zeeland? What about for one robot? 3.) Suppose each nation specializes according to comparative advantage and then trades with the other nation. On your graphs, label the bundle each nation produces when specializing as well as one possible previously infeasible bundle each is able to consume assuming the two nations trade with each other. 4.) Write a paragraph to summarize your results.

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1. Suppose that a stock is expected to pay a $1 dividend at the end of this year and that your required return on equity investments is 9%. Using a one-period model of stock price determination, if you expect to sell a stock you buy today a year later for $17.0?, you will be willing to pay for the stock the amount $ (Round your response to the nearest two decimal places) 2. Suppose that a stock is expected to pay a $1 dividend next? year, that the dividend is expected to grow at 2?% per? year, and that your required return on this equity investment is 8?%. Using the Gordon growth? model, the price you would be willing to pay for the stock is ?$

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1. 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 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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