Econ 102 quiz 6 solutions Study guides, Class notes & Summaries

ECON 102 Quiz 3 Questions And Answers (UPDATED SOLUTIONS). 1) Suppose that the real return on assets is 4% forever. Approximately what is it worth to have a gift from your grandparents when you are young that pays $2000 a year until you die: a. About $2,000 b. About $5,000; c. About $120,000 if you expect to live for another 60 years; d. About $20,000 e. About $8,000 f. About $50,000 Solution: The present value of the sum of all money to be received in the future on this “perpetuity...

ECON 102 Quiz 6 UPDATED SOLUTIONS. 1. Select the answer below that corresponds to the idea of a derived demand curve. A. A bagel producer hires more workers because she would like to reduce the number of hours she personally works at the bagel factory B. A bagel producer invests in a new bagel oven to take advantage of a new investment tax deduction C. A bagel producer decides to supply more bagels to the market, and as a result her demand for bagel workers increases*** D.All of the above ...