Question 9 In an OLG model with money: Each gen picks 12 banans when young, 4 bananas when old. Central bank prints out 2 units of money, given to gen 0 for free. The level of employment is in each period. (how many people are employed each period) Selected Answer: 4
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- It is known that the ABC oil company supplies consumers with 150 tons of products per day. The company produces only two types of products - gasoline and diesel fuel. The limiting transformation ratio of diesel fuel relative to gasoline is 0.5. a) Draw a line of the company's monthly production capacity for gasoline and diesel. b) With the advent of new technologies, production increased by 20%, and the availability of gasoline increased by 30%. Explain how the company's new product line differs from the previous one. c) If we put the gasoline production on the X-axis of the graph, what percentage of the slope capacity of the production line is different from the slope ratio of the previous production line?Workers are compensated by firms with benefits in addition to wages and salaries. The most prominent offered by many firms is health insurance. Suppose that in 2000, workers at one steel plant were paid $30 per hour and in addition received health benefits at the rate of $6 per hour. Also suppose that by 2010 workers at that plant were paid $31.50 per hour but received $13.5 in heakth insurance benefits. a. By what precentage did total compensation (wages plus benefits ) change at this plant from 2000 to 2010? Total compensation increased or decreased by________ percent? What was the approximate average annual percentage change in total compensation? b. By what percetage did wages change at this plant from 2000 to 2010? Wages increased or decreased by ______percent? What was the approximate average annual percentage in wages? c. If workers value a dollar of heath benefits as much as they value a dollar of wages, by what total percentage will they feel their incomes have risen over…13)Assume that the dummy variable Married=1 if married (0if not married),Sex=1 if male (0if male), and that you estimate the equation: log(wage)= B0 + B1 Married + B2*Sex +B3(Married*Sex). The estimated llog wage for an unmarried woman can be estimated by:a.B0 b.B0+B1+B2 c.B0+B1+B2+B3 d.B0+B3
- s EconomicsQ&A LibraryEach term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56 What do these MPC’s imply about the students’ thinking over the course of the year? (Enter response here.) What is likely happening in the economy during the same period of time? Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’…A firm experienced the demand shown in the following table. *Unkown future value to be forecast Fill in the table by preparing forecasts based on a five-year moving average, a three-year moving average, and exponential smoothing (with a w=0.9 and a w=0.3). Note The exponential smoothing forecasts may be begun by assuming Y t+1=Yt. Using the forecasts from 2005 through 2009, compare the accuracy of each of the forecasting methods based on the RMSE criterion. Which forecast would you have used for 2010? Why?Metropolitan Hospital has estimated its average monthly bed needs as N=1,000+9X where X=timeperiod(months);January2002=0 N=monthlybedneeds Assume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years: Forecast Metropolitans bed demand for January, April, July, November, and December 2007. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future June forecasts?
- Please refer to the table “Pet Owners’ Behavior during Recession,” which shows results of a survey in themidst of the recession in 2008. Now that there hasbeen some economic recovery, the results may differ.a. Perform a survey of modern-day pet ownersasking the same questions. Compare andcontrast your results with those from 2008.b. Record the generation for your respondents andperform a cross-tab analysis based on those data.c. Record household life-cycle stage and perform across-tab analysis based on those data.Consider the following log-wage regression results for women (W) and men (M) where wages are predicted by schooling (S) and age (A). wW = 2.23 + 0.077Sw + 0.017Aw and wM = 2.33 + 0.0745SM + 0.026AM. Sample means for the variables by gender are: women average a logged wage of 3.90, 12.7 years of schooling, and 40.8 years-old; men average a logged wage of 4.53, 14.2 years of schooling, and 43.9 years-old. Decompose the raw difference in average logged wages using the Oaxaca-Blinder decomposition. Specifically, decompose the raw difference into the portion due to differences in schooling, differences in age, and the portion left unexplained, possibly due to gender discrimination.the answer to this question is Q7.2= NO but we just need to find how we get that answer for thIis questions, please help NO EXCEL