Econ 102 quiz 6 updated solutions Study guides, Class notes & Summaries
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ECON 102 Quiz 3 Questions And Answers (UPDATED SOLUTIONS).
- Exam (elaborations) • 7 pages • 2022
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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...
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ECON 102 Quiz 6 UPDATED SOLUTIONS.
- Exam (elaborations) • 4 pages • 2022
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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 ...
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