In period t, a parental household (indexed by 2) equipped with human capi earns a labour income of whi, where w > 0 represents a constant wage rate_ household derives utility out of own consumption , the number of childr and their level of human capital h+1 Education is provided by teachers w equipped with the economy's average level of human capital h. Human capit child evolves from one period to another according to ht+1=(e+e)" (hi)* (h²)¹, 0 <1,7 <1 where e > 0 is a constant parameter and e represents the level of educatio

Explain "Okun's Law" by using data and draw a scatter diagram?

All raw materials are objects of work, but not all objects of work are raw materials. Select one: a)True b)False

In the Disney movie Frozen, the Kingdom of Arendelle changes overnight from a warm, flower filled place to being completely frozen (the story takes place in July).  Just after this change in weather, there is a scene where two characters visit a trading post.  At the trading post one character (Kristoff) is looking to buy winter transportation equipment and eventually sell some ice.  The other character (Anna) is looking to buy some winter clothes.  A link to the scene can be found in the module. For this assignment, please show how this change in weather would likely effect the markets for winter transportation equipment, winter clothes, and ice (assume the ice would be used by people who want to cool drinks).  Specifically, draw a new supply or demand curve for the products and identify new equilibrium quantity or supply if you think the change in weather would have an impact on any of those measurements. In the clip Kristoff calls Oaken a crook for charging higher prices than he…

Potatoes cost Janice .50 per pound, and she has $5 that she can spend on potatoes or other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third is worth $1.05, and all subsequent pounds are worth .30 per pound. How many pounds of potatoes will she purchase? How many pounds would she purchase if she only had $2 to spend?