Scenario
You just got the keys to your first apartment. You also have a
new credit card with a $2,000 limit. As part of your new
monthly bills, you must pay:
• $50 towards electricity
$50 towards gas
• $200 in maintenance
• $700 in rent
Additionally, you must furnish your home and set a monthly
budget for food purchases. In order to move into your own
apartment, you had to borrow $3,000 (to pay your first and
last month's rent and the security deposit for the apartment),
from your parents. Don't forget to save 5% of your monthly
salary for your annual vacation bash.
Your monthly income is $2,000 (after taxes).
1. Calculate the amount of money you need to save each
month to put towards your vacation:

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.