Alittle exchange economy has just two consumers, named ken and barbie, and two commodities, quiche and wine. ken's initial endowment is 3 units of quiche and 2 units of wine. barbie's initial endowment is 1 unit of quiche and 6 units of wine. ken and barbie have identical utility functions. we write ken's utility function as, u(qk, wk) = qkwk and barbie's utility function as u(qb, wb) = qbwb, where qk and wk are the amounts of quiche and wine for ken and qb and wb are amounts of quiche and wine for barbie.
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Business, 22.06.2019 06:40
After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?
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Business, 22.06.2019 11:30
On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma. a)1.2 b)1.4 c)1.6 d)1.8
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Business, 22.06.2019 21:30
Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is:
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Business, 22.06.2019 23:50
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.
Answers: 2
Alittle exchange economy has just two consumers, named ken and barbie, and two commodities, quiche a...
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