Discuss the importance of long range planning for retirement

Q: Write the net present or future worth expression?

A: The Net present value is the present value of a future sum of the money in the economy. The net…

Q: Now we focus on dollar and euro exchange rate. What is the effect of an increase in the U.S. money…

A: The exchange rate measures the relative price of one currency in terms of another currency.  The…

Q: 3. Consider a two-person zero-sum game with the reward matrix given. Suppose f >d b>a2c>e where all…

A:

Q: Why BPOs are so named?

A: The sub-contraction of business operations to a third party or vendors is known as Business Process…

Q: Jennifer earns $50,000 in her first job today while her mom used to make $15,000 in her first job in…

A: When prices of the current year are expressed as a percentage of base year price, then index numbers…

Q: Assume that a consumer purchases a combination of products Y and Z and that the MUVPy= 36/9 and…

A: A person can maximize his utility at the point where the marginal utility per dollar derived from…

Q: 9. Which of the following correctly describes a difference between the Classical and Keynesian…

A: Classical and Keynesian are two different approaches to analyze the economy and the role of economic…

Q: When we measure and record economic value, we use money as the Select one: O liquid asset O medium…

A: Money is a medium of exchange that is used to do transaction for goods,services and debts. Money…

Q: 17. Unemployment of labour means that

A: Unemployment refers to those who are employable and actively looking for work but are unable to find…

Q: Price ($) 2.00 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 TABLE 5-1 (thousands per week) 1500 1600 1700…

A: Price ceiling refers to a situation when government imposes some price restrictions in the market.…

Q: Demand Q(P)= 16,137-489P and Cost Function C(Q)= 11,296+170 Calculate profit maximizing quantity…

A: In economics, profit maximization is the short run or long run process by which a firm may determine…

Q: Suppose that in response to huge job losses in the U.S. textile industry, Congress imposes a 100…

A: Import refers to the receiving of goods and services from another country. Here, US imposes a 100…

Q: Consider worker 1 with non-labour income Y facing a wage offer w and a utility function defined over…

A: worker 1's utility function is U(c,l) = lnC + 4lnl worker 2's utility function is U(c,l) = cl

Q: When is it necessary to use factorial design

A: A class of experimental designs which are economical is known as factorial design.That is with the…

Q: 2. Countercyclical fiscal policy refers to the setting of taxes, transfers and government purchases…

A: The fiscal policy is what decides how much money the government will spend and how much tax the…

Q: Which of the following statements is true? 1. When a competitive firm sells an additional unit of…

A: In a monopolistic market, there will be single firm dictating on the price and supply levels of…

Q: Price P O MC AC Quantity D = AR = MR

A: Economic profit means that a firm’s revenue is greater than its sales . Profit = Total revenue (TR)…

Q: The diagram to the right shows a market in which a price floor has been imposed Identify the…

A: Inefficient allocation of resource generates the dead-weight loss because it deviates the economy…

Q: A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant…

A: Given:Profit=$400,000Growth rate=g=6%=0.06Opportunity cost of funds=i=8%=0.08

Q: 20. In the Keynesian model, a fall in the interest rate will shift the aggregate expenditure line…

A: Keynesian economics refers to the macroeconomic theory that shows the total spending for the economy…

Q: The purchase price of a machine is $7500, its estimated salvage value is $3000, and its service life…

A: Depreciable amount = $7500 - $3000 = $4500  Sum of years' digits = 6+5+4+3+2+1=21

Q: A cost which has a fixed element below which it will not fall is known as O a. Cost of production. O…

A: The expenditure incurred in the production of services and goods is termed as cost. There are…

Q: A monopolist with a straight-line demand curve finds that it can sell one unit at $7 each or seven…

A: While the firms main objective is to maximize profits, it is the profit maximizing ouput, which…

Q: Grades on a standardized test are known to have a mean of 990 for students in the United States. The…

A: When we utilize the sample standard deviation (S), the t-distribution with n-1 degrees of freedom is…

Q: Why is budget timeline identification important?

A: The budget is a process of getting all the expenditures pre-planned for a specific period of time.…

Q: Category Clothing Meals $3.40 million. $3.28 million. $2.70 million. 2016 Price ($) 120 100 Refer to…

A: Real GDP is the product of base year price and current year quantity.  Real GDP does not include…

Q: Can personal ethics be construed as the same as professional ethics?

A: Combined economics with ethics, economic ethics is a value judgment-based approach to economic…

Q: In the market for money, use a graph to explain the effect of an increase in the price level on the…

A: Ceteris paribus, rising prices (also known as inflation) will raise average interest rates in an…

Q: Refer to Figure 11-7. If the economy is currently at point X, what does the Keynesian model predict…

A: The upward sloping blue line in the Keynesian cross diagram reflects the aggregate expenditure for…

Q: Making decisions under conditions of uncertainty involves what factor?

A: A decision under uncertainty is when there are numerous questions and no chance of realizing what…

Q: Why is it important to use Cash Flows in Economic Analysis?

A: The cash flow can be defined as the total volume of money which is transferred in and out of…

Q: You own a vacation home that costs 450,000. You can rent this property out for 25,000 every 3…

A: Here we calculate the net present value of the vacation home cost by using the formula so the…

Q: Bridget's preferences for apples( X) and bananas(Y) can be represented by the utility function…

A: Given: Apple=X, Banana = Y U=0.5XY

Q: Which one of the following statements is correct? O A. A rise in the price of a good will cause the…

A: Supply of the good is defined as the total quantity of the good supplied by all the producers in an…

Q: Consider the following market demand and market supply: Demand: p = 90-q Supply: p = 20+3q Suppose…

A: Ans) The efficient equilibrium quantity ( q eff) = 22.5 When there are external benefits,…