AVERAGE INCOME PER FAMILY Distributed by income group TOP 0.01% $23,846,950 Top 0.01% Top o.01-0.1% Top 1% I Top 1-10% I Bottom go% TOP 0.01-0.1% $2,802,020 24 TOP 1% $1,019,089 TOP 1-10% $161,139 $. воттом 9ох $29,840 $4 2010 data includes capital gains Source. Emmanuel Saez, University of California Berkeley
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- Mika eams $340 per week which she spends entirely at the grocery store. purchasing either food or akohol The price of food is $1Aunit, while the price of alcohal is $4/unit. IT Mika receives an additional S65/week in todd stamas thut can be used to buy anyttiog at the grocery store so, this money could be used to buy food and alcoho what is the etical coortinate of the vertical tercept of Mika's budget constraint if she were to graph quantity of food on the horizental as and quantity of alcohol on the vertical aist (Note The amwermay not be a whole number, so round to the nearest hundredthAkua is a school of Agriculture graduate and consumes 2 products:yoghurt and bread.Akua also earns a typical student income from the parent .400 cedis a month.She can either spend all on yoghurt and get 50,or she can spend it all on bread and get 200 loaves. Given the information answe the following (b)The following are the bundles that Akua can afford with her income: Yoghurt Bread 10 0 80 20 Fill the blanks in the table with the quantities that will exhaust Akua’s income.by e MPC-0,75, a decrease in pursonal te trons St00 blion to seo bollion will uverense al GP A) S20 bion 8) $40 bllion OS60 bellion D) S0 biltion.
- so search Store Local Shoe Store Different Neighborhood in Town Rural Outlet Travel Time Each Way (Minutes) 15 30 60 Price of a Sandals (Dollars per sandals) 132 96 88 Ciana earns an hourly wage of $60 at her job. In order to purchase her sandals she will have to take time off work, so each hour away from her job costs her 500 in lost income. Assume that Ciana's travel time is the same each way (to and from the store) and that it will take her 30 minutes once she reaches a store to complete her shopping. Assume throughout the question that Ciana incurs no additional costs other than the sandals, such as Store Local Shoe Store Different Neighborhood in Town Rural Outlet Complete the following table by computing the opportunity cost of Ciana's time and the total cost of shopping at each location. Opportunity Cost of Time. (Dollars) Price of a Sandals (Dollars per sandals) 132 96 68 Total Cost (Dollars) Assume that Ciana considers both her opportunity costs and the price of sandals when…1. What is David's new salary 2. What is Tanya's new salary quarterly They now have a very prosperous year because Tanya is Expecting Twin Girls. For Baby "A" Tanya's parents is depositing 2992.00 dollars in an account that bears 8.56% interest from the beginning of her second year until the end of Baby "A" 16th year, COMPOUNDED BLANNUALLY. David's parents then deposits monies for Baby "B". They deposit 3204.25 dollars in an account that yields 9.75% interest from the beginning of Baby " B "s second year until the end Baby " B "s 16th yea, COMPOUNDED AY Monthly 3. What is the Future value of Baby "A"'s Account? What is the Future value of Baby "B"'s Account? 4.Be the benefit funcțiop B (K, L) -44K +11 KL: 2 L, wherek is the amount used Capital and the amounf used of work. aitidad uLiizada de (a) Demonstrate that the functional equation B (K, 1)LB (6,3) defines Kas a function of Lin an environment of the Point (6.3). (b) If the employee amount of the INPUTI increases lunit, how much does the amount have to increase or decrease? Employee of INPUT Kto maintain constant benefit?e? (c) if the employee amount of INPUT Lincreases by 1%, how much does the amount have to increase or decrease? Employee of INPUTK to maintain constant benefit? te? de aultientar o dismnur la cantidad islirlfuur la cantidad
- Year GPP IncomedfIst Taale Incame of Dnd Tersile Incamedt3rd Terat 1950 atrilao,4Trillion 10.6 Trillion ITrillion doa016Till 0.8 Trillon l2.4 Trillionl 12.8 Trillicn Compute 6PP between 1950 and 2020 A, 1,200%. B. 100 Cil,H00 Y. D. l,600%-N3 The retirement income payable from which of the following retirement income benefit programs is independent of the performance of any underlying investinent portlolio? A. RRSP B. CPP c. DCPP D. TFSAPls do it fastly
- Store Local Shoe Store Different Neighborhood in Town Rural Outlet Travel Time Each Way (Minutes) 15 30 60 Store Local Shoe Store Price of a Boots (Dollars per boots) 114 95 Juanita earns an hourly wage of $16 at her job. In order to purchase her boots she will have to take time off work, so each hour away from her job costs her $16 in lost income. Assume that Juanita's travel time is the same each way (to and from the store) and that it will take her 30 minutes once she reaches a store to complete her shopping. Assume throughout the question that Juanita incurs no additional costs other than the boots, such as gas. Different Neighborhood in Town Rural Outlet 74 Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Opportunity Cost of Time (Dollars) Price of a Boots (Dollars per boots) 114 95 74 Total Cost (Dollars) Assume that Juanita considers both her opportunity costs and the price of boots when making her…A 170.Moving to the next qution presents chunges to this anower, Question 1 A loan with a simple annual nterest rate of to te repaid in 5 yeurs The tetal interest pad on thie loan is calcuated to be 1500. ow T wa orgnaly bowed S O$2.35 O S1,706 O 51.667