A. Martha, a single mother, hates her high-paying manager position at a Fortune 500 company. b. Alex can live at home and have all of his expenses covered by his millionaire parents or work at the family corporation until he is 30, at which time he will be awarded his trust fund. Alex has opted to "earn" his trust fund so that he doesn't have to rely so much on his family. c. Jane recently accepted a sales position at a surf shop. Even though she was offered a higher paying position elsewhere, she accepted the surf shop job because it had a community volunteer program. d. Jason is a highschool student who works with a home improvement company on weekends to make extra cash.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.