α 1-α 1) Consider the Utility function u = Exax/ - a St. P1X1 + P2X2 = y a. Examine the convexity of the indifference curve. b. Derive the Marshallian demand curves for X1 and X2. c. Derive the Hicksian demand curves for x1 and X2- d. Derive the second order sufficient condition for the utility maximization. e. Derive the indirect utility function. f. Use Roy's Identity to derive the ordinary demand function. g. Prove that C1E11 + A2E21 = - 01. h. Prove that a 1 511+02 $21= 0 =

Answers

Answer 1

The convexity of the indifference curve can be examined by considering the second derivative of the utility function. If the second derivative is positive, then the curve is convex.

The Marshallian demand curves for X1 and X2 can be derived by taking the partial derivatives of the utility function with respect to the prices of the goods.

For the Hicksian demand curves, the marginal utility of income needs to be taken into account. The second order sufficient condition for utility maximization is derived by equating the marginal utility of income to the marginal utility of the goods and solving for the prices.

The indirect utility function can be derived by substituting the Marshallian demand curves into the budget constraint. Roy's Identity can be used to derive the ordinary demand function by taking the partial derivative of the indirect utility function with respect to the price of the goods. C1E11 + A2E21 = - 01 can be proven by substituting the Marshallian demand curves into the budget constraint and solving for the elasticities of demand.

This can be done by taking the partial derivatives of the budget constraint with respect to the prices of the goods. Finally, a 1 511+02 $21= 0 can be proven by substituting the Hicksian demand curves into the budget constraint and solving for the elasticities of demand. This can be done by taking the partial derivatives of the budget constraint with respect to the prices of the goods.

Know more about Hicksian demand here

https://brainly.com/question/30600702#

#SPJ11


Related Questions

Two friends Claire and Thomas work for a textbook publisher. They have a day to write exercises for the publisher’s new Math and Economics workbooks. Each one can allocate 8 hours that day to writing (and solving) the exercises they dream up. The following table shows how many hours it takes each of one of them to compose one exercise, based on the subject matter.
Hours per Math Exercise Hours per Econ Exercise
Claire 0.5 0.5
Thomas 4 1
1.Who has a comparative advantage in writing Math exercises?
2. Who has a comparative advantage in writing Econ exercises?
3. If they were to trade and specialize, how many Math exercises can they write in total?
4. If they were to trade and specialize, how many Econ exercises can they write in total?

Answers

Claire has a comparative advantage in writing Math exercises.

Claire has a comparative advantage in writing Math exercises because she takes only 0.5 hours to compose one exercise, while Thomas takes 4 hours. Comparative advantage refers to the ability to produce a good or service at a lower opportunity cost. In this case, Claire's opportunity cost of writing Math exercises is lower than Thomas', as she can produce them in less time compared to him.

If Claire and Thomas were to trade and specialize, they would allocate their time to the tasks they have a comparative advantage in. Claire, being more efficient at writing Math exercises, would focus on that subject, while Thomas, with a lower opportunity cost in Economics exercises, would specialize in that area. By doing so, they can maximize their overall productivity.

Learn more about Comparative advantage

brainly.com/question/7780461

#SPJ11

puntos gratis para quien quiera

Answers

Answer:

✨ ¡Tysm por lo.s pun.tos gr.atis! Rlly los necesitaba.

Explanation:

✨Tysm For The Fr.ee Po.ints I Rlly Needed Them✨
Answer:
Eu quiero pontos
Explanation:
Mi de mejor resposta

2.economic resources have a price above zero because group of answer choices a. there are no other use for them. b. they cannot be easily moved from place to place. c. otherwise they would not be able to satisfy human wants. d. they are unlimited in supply. e. they are relatively scarce.

Answers

Economic resources have a price above zero because they are relatively scarce

What is Economic resource?

Economic resource is a factor of production used to produce goods and services. It includes both natural resources (raw materials) and human resources (labor and capital). Natural resources are those that are found in nature such as land, water, air, and minerals. Human resources are the labor, knowledge, and capital that people bring to the production process. Economic resources also include the infrastructure and technology that enable production. For example, factories, machinery, and communication networks are economic resources that can be used to produce goods and services. Economic resources are limited and are used to meet the needs and wants of consumers. As such, they must be managed and allocated efficiently to ensure that the greatest benefit is gained from them.

To learn more about Economic resources
https://brainly.com/question/1503203
#SPJ4

assume that atlantic national bank has demand deposits of $100,000 and no excess reserves,and that the reserve requirement is 10 percent.a customer withdraws $5,000 from the bank.to meet the reserve requirement, the bank must increase its reserves by

Answers

Assume that Atlantis national bank has demand deposits of $100,000 and no excess reserves ,and that the reserve requirement is 10 percent. a customer withdraws $5,000 from the bank.to meet the reserve requirement, the bank must increase its reserves by $4,500

Which of the following would cause inflation driven by costs?

Cost-push inflation is caused by shortages or price rises in labor, raw materials, and capital goods. The four factors of production include these supply-side factors as well.

Which of the following scenarios will boost aggregate demand the most?

Government expenditures rise.

Which of the following is the most basic problem that economics attempts to solve?

The core issue with the economy is scarcity.

To Know more about reserve requirement

https://brainly.com/question/15966594

#SPJ4

Richard and Linda are the only two employees of Bush Company. In January 2013, Richard's gross pay was $5,500 and Linda's gross pay was $5,200. Each employee pays federal income tax equal to 25% of gross pay. In addition, Linda pays $200 for insurance premiums and Richard pays $225. Each has $25 withheld for life insurance premiums. Assume a FICA tax rate of 8% on all earnings, a federal unemployment tax rate of 0.8%, and a state unemployment tax rate of 5.4%. The unemployment taxes are based on the first $7,000 of employee annual earnings.
A. debit to FICA tax payable for $856.
B. debit to employee income tax payable for $2,675.
C. credit to state unemployment tax payable for $578.
D. debit to federal unemployment tax payable for $86.

Answers

Answer:

A.

Explanation:

11. Explain the importance of having a formal lease and reading it thoroughly before you sign

Answers

Prior to signing a lease, a formal lease agreement should be initiated which defines all the terms and conditions of the lease so that the other party, that is, who is using the leased asset, cannot have any reason to deny the lease.

What is a lease?

A lease is a contract between two parties to use the owner's asset for an agreed time. The owner of an asset is known as the lessor and the person who uses the leased asset is known as the lessee.

A lease agreement should be in written format stating all the terms and conditions of using the leased asset. Before signing it, the lessee should read the contract, so that any false claim put by the lessor in the contract can be identified and then accept it by putting his/her signature. If there is no agreement, then the lessee might get denied the consideration and can also exercise a lien on the leased asset.

Therefore, a formal lease contract should be thoroughly read before signing by the other party.

Learn more about the lease here:

https://brainly.com/question/24168818

#SPJ1

Explain why the more education a person has, the more money they make.

(Answers should include the screening effect and the learning effect.)

Answers

Answer:

because. a more educated person have a good profession and by that they can earn a good sources of money

Answer:

a more educated person have a good profession and by that they can earn a good sources of money

Explanation:

The job outlook suggests that the translator field will likely to continue to grow. Will likely to continue to shrink. Has changed very little over time. Tends to be unclear or hard to predict.

Answers

From the information given, the job outlook implies that the translator field will likely to continue to grow.

According to the complete information, a chart was given to show facts that related to professional interpreters.

It can be deduced from the chart that was given that the job outlook will suggest that the translator field will likely to continue to grow. This can easily be deduced from the chart.

Learn more about charts on:

https://brainly.com/question/25804679

Answer:

A. will likely to continue to grow.

Explanation:

The job outlook suggests that the translator field will likely to continue to grow. Will likely to continue

Abc corp has issued 10-year and 15-year bonds that mature on the same day and have the exactly same yield to maturity. If the current price of the 10-year bond is $889. 60 and of the 15-year bond is $1,194. 24, then which one of the bonds has a higher coupon rate?.

Answers

The coupon rate represents the annual interest payment as a percentage of the bond's face value.

Let's assume the face value of both bonds is $1,000 for simplicity.

For the 10-year bond:

Current price: $889.60

Face value: $1,000

Time to maturity: 10 years

For the 15-year bond:

Current price: $1,194.24

Face value: $1,000

Time to maturity: 15 years

Since the yields to maturity are the same for both bonds, we can assume they have the same discount rate. We can set up an equation using the present value formula to calculate the coupon rates:

10-year bond:

$889.60 = (Coupon Payment / (1 + Discount Rate)^1) + (Coupon Payment / (1 + Discount Rate)^2) + ... + (Coupon Payment + Face Value / (1 + Discount Rate)^10)

15-year bond:

$1,194.24 = (Coupon Payment / (1 + Discount Rate)^1) + (Coupon Payment / (1 + Discount Rate)^2) + ... + (Coupon Payment + Face Value / (1 + Discount Rate)^15)

Since the yields to maturity are the same for both bonds, the discount rates are the same in both equations. We can ignore them for now.

Simplifying the equations, we have:

10-year bond:

$889.60 = Coupon Payment / (1 + Discount Rate) + Coupon Payment / (1 + Discount Rate)^2 + ... + (Coupon Payment + $1,000) / (1 + Discount Rate)^10

15-year bond:

$1,194.24 = Coupon Payment / (1 + Discount Rate) + Coupon Payment / (1 + Discount Rate)^2 + ... + (Coupon Payment + $1,000) / (1 + Discount Rate)^15

Comparing the two equations, we can see that the 15-year bond has more terms, which means it has more interest payments. Therefore, to satisfy the equation and reach the same, the coupon rate of the 15-year bond must be higher. current price

In conclusion, the 15-year bond has a higher coupon rate than the 10-year bond.

To learn more about current price, click here.

https://brainly.com/question/20703640

#SPJ4

If you show defensiveness, people are more likely to _____. a. confront you about your problems b. critique your performance c. close their communication d. check your goals

Answers

Answer:

C- close there communication

Explanation:

Q 1.7: A small business owner has decided to form a ______________ after deciding that she wants to maximize revenue, minimize taxes, give back to the community, and exercise total control over her business.

Answers

Answer:

Sole proprietorship

Explanation:

A sole proprietorship is a business form of an organization in which there is only a single owner who operates and controls the business. The main motive  of every organization is to maximize revenue, minimize losses and taxes. Also it has unlimited liability

Therefore in the given situation, the sole proprietorship would be the appropriate and the same is to be considered

Employment agencies, career fairs, and Internet ads can all be sources of
a work permits
b.
school-to-work programs
C. résumés
d. job leads

Answers

Answer:

D. Job leads

Explanation:

Employment agencies, career fairs, and Internet ads can all be sources of job leads. Hence, Option D is correct.

What are the Employment agencies?

There are various kinds of agencies in the whole world that target providing the required stuff to the person or the ultimate user when it comes to the types of agencies

There are various types of agencies that are present in the whole world according to the type of material that they have available at different agencies.

If it is about employment agencies, these are the agencies that provide employees to the ultimate employers, and with the help of employment agencies, those who belong to the unemployment category will get employment according to their qualifications.

Therefore, Option D is correct.

Learn more about Employment agencies from here:

https://brainly.com/question/1657212

#SPJ2

you need to have $25,000 for a down payment on a house in 7 years. if you can earn an annual interest rate of 4.3 percent, how much will you have to deposit today?

Answers

You will need to deposit $18,600.78 today in order to have $25,000 for a down payment on a house in 7 years, assuming an annual interest rate of 4.3%.

To calculate the present value of the amount you need to save, you can use the formula for future value of a present sum with compound interest:

FV = PV x (1 + r)

Where:

FV = Future value of the deposit (in this case, $25,000)

PV = Present value of the deposit (what we're trying to find)

r = Annual interest rate (4.3% in this case)

n = Number of years (7 in this case

Plugging in the numbers we get:i

$25,000 = PV x (1 + 0.043)

Simplifying:

$25,000 = PV x 1.3439

PV = $25,000 / 1.3439

PV = $18,600.78

learn more about present value here:

https://brainly.com/question/14860893

#SPJ4

"free enterprise" and "________________" are terms for an economy based on private businesses competing for profits in open markets with minimal government regulations.

Answers

Answer:

entrepreneurship for them and

20. One way the federal government can control inflation is to increase
A) the money supply.
B) public spending.
C) the tax rate.
D) bank regulation

Answers

One way the federal government can control inflation is to increase public spending.

Therefore, Option B is the correct option.

What is Inflation?

In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

In conclusion, inflation is the term used to describe a long-term, widespread increase in the cost of goods and services throughout the economy, which reduces both consumer and company purchasing power. In other words, a dollar (or whatever currency you choose to pay with) will not buy as much today as it did yesterday.

Learn more about inflation here: https://brainly.com/question/21586910

#SPJ1

____________ is defined as monitoring performance, comparing it with goals and taking corrective action as needed. a. Controlling b. Planning c. Leading d. Measuring e. Organising

Answers

Answer:

A) Controlling

Explanation:

Controlling is a function of management and can be described as monitoring performance, comparing performance to pre-determined goals, and taking corrective action as needed.

Answer: Planning

Explanation: planning is the basic step to develop or to grow the company or any of things because without planning we cannot achieve our goals, or complete any of the tasks therefore planning is the basic step which has to take in the beginning.

planning helps an individual to achieve his goals in a proper way and it helps to get a good performance if our planning is good, if our planning is not good then it would effect our goals.

therefore planning is defined as monitoring performance, comparing it with goals and taking corrective as needed

to know more about this topic click below link

https://brainly.com/question/32792726

SCM, CRM, and ERP are all extended ERP components. True or False

Answers

SCM, CRM, and ERP are all extended ERP components that are false.

SCM (Supply Chain Management), CRM (Customer Relationship Management), and ERP (Enterprise Resource Planning) are not all extended ERP components. While ERP is a comprehensive software system that integrates various aspects of business operations, SCM and CRM are specific modules or components that can be integrated within an ERP system.

SCM focuses on managing the flow of goods, services, and information across the supply chain, encompassing activities such as procurement, production, inventory management, logistics, and distribution. CRM, on the other hand, focuses on managing customer interactions and relationships, including sales, marketing, customer service, and support.

While SCM and CRM can be integrated with an ERP system to provide a more holistic solution for managing business processes, they are not inherently considered as extended ERP components. Extended ERP typically refers to additional functionalities or modules beyond the core ERP system that cater to specific industry requirements or specialized operations. Examples of extended ERP components could include modules for financial management, human resources, project management, or business intelligence.

To learn more about ERP click here

https://brainly.com/question/28104535

#SPJ11

Jackson is preparing for his hearing before the Federal Communications Commission (FCC) involving a complaint that was filed against him by the FCC regarding the interruption of radio frequency. The order to "cease and desist" using the radio frequency has had a detrimental impact on his business.


The Federal court, through stare decisis, will look to precedent in ruling on Jackson's case.




Yes, the court will look to cases that have already been decided in deciding Jackson's case.



No, the court will start with a clean slate in reaching a decision regarding Jackson's case.

Answers

Answer:

Yes, the court will look to cases that have already been decided in deciding Jackson's case.

Explanation:

The court has scheduled hearing which Jackson has to attend. In this case the court will look into details of the matter and then find out the decision. If there are some difficulties in concluding the case then references will be taken from previous cases whose decisions has been decided.

Answer:

Yes, the court will look to cases that have already been decided in deciding Jackson's case.

Explanation:

I did the assignment in edge 2021.

Define the 4 types of financial ratios. How will these give a prospective investor a complete picture of a company’s financial strength? [150 minimum word count]

Answers

The main types of financial ratios in accounting includes:

Profitability ratiosLiquidity ratiosSolvency ratiosValuation ratios

What is a financial ratios?

These are ratio that helps in analyzes and comparison of relationships between financial statement accounts for identification of strengths and weaknesses of a firm.

The type of financial ratios:Profitability ratios: This ratio helps to assess the firm ability to generate earnings relative to its revenue.

Liquidity ratios: This ratio help to assess the firm's ability to pay debt obligations and its margin of safety.

Solvency ratios: This ratio help to assess the firm's ability to meet its long-term debt obligation.

Valuation ratios: This ratio help to assess the firm's financial soundness in relation to its market value.

Read more about financial ratios

brainly.com/question/9091091

#SPJ1

Terri, age 16, is a dependent of her parents in 2020. During the year, Terri earned $5,000 in interest income and $3,000 from part-time jobs. a. What is Terri's taxable income? b. How much of Terri's income is taxed at her rate? c. How much is taxed at her parent's rate?

Answers

Answer:

A. $4,650

B. $1,750

C. $2,900

Explanation:

A. Calculation to determine Terri's taxable income

TAXABLE INCOME

Earned income $3,000

Add Unearned income $5,000

Gross income & AGI $8,000

($3,000+$5,000)

Less: Standard deduction ($3,350)

(Greater of either $3,000 or $1,050 income earned +$350)

Taxable income $4,650

($8,000-$3,350)

Therefore Terri's taxable income is $4,650

b. Calculation to determine How much of Terri's income is taxed at her rate

TAXED AT TERRI'S RATE​

Taxable income $4,650

($8,000-$3,350)

Less: amount taxed at parents' rate ($2,900)

($5,000-$2,100)

Taxed at Terri's rate​ $1,750

Therefore The amount of Terri's income that is taxed at her rate is $1,750

c. Calculation to determine How much is taxed at her parent's rate

TAXED AT PARENTS' RATE:

Net unearned income=$5,000-$2,100

Net unearned income= $2,900

($5,000-$2,100)

Therefore The amount of Terri's income that is taxed at her parent's rate is $2,900

Budgetary slack occurs when a manager submits a budget that is ______.

Answers

Answer:

Budgetary slack occurs when a manager submits a budget that is too easy to attain.

Explanation:

Hope that helps!

if a transaction says started a business with cash 80000 Rands in bank is it a contra entry?​

Answers

Answer:

yes

Explanation:

because, Contra entries are those entries in which same account can be debited and credited in contrary situation. For example we debit Bank account when depositing cash.At the same time we credit bank account when withdrawing money from bank.

Assume you are in the 35 percent tax bracket and purchase a 3.60 percent municipal bond. Use the formula presented in this chapter to calculate the taxable equivalent yield for this investment.

Answers

To calculate the taxable equivalent yield for a 3.60 percent municipal bond while being in the 35 percent tax bracket, we can use the following formula: Taxable Equivalent Yield = Municipal Bond Yield / (1 - Marginal Tax Rate)

In this case, the municipal bond yield is 3.60 percent and the marginal tax rate is 35 percent. So, plugging in these values: Taxable Equivalent Yield = 3.60% / (1 - 0.35)
Taxable Equivalent Yield = 5.54%
Therefore, the taxable equivalent yield for a 3.60 percent municipal bond while being in the 35 percent tax bracket is 5.54 percent. This means that a taxable investment would need to yield at least 5.54 percent to be equivalent to the after-tax return of the municipal bond.
Hi! I'd be happy to help you calculate the taxable equivalent yield for a 3.60 percent municipal bond when you are in the 35 percent tax bracket. Here's the step-by-step process: 1. First, note the tax-free municipal bond yield: 3.60% (or 0.036 in decimal form)
2. Next, find your tax bracket: 35% (or 0.35 in decimal form)
3. Then, use the formula for taxable equivalent yield: Taxable Equivalent Yield = Tax-free Municipal Bond Yield / (1 - Tax Bracket) Now, plug in the values:
Taxable Equivalent Yield = 0.036 / (1 - 0.35)
4. Calculate the result:
Taxable Equivalent Yield = 0.036 / 0.65
Taxable Equivalent Yield = 0.0553846154 (rounded to 10 decimal places)
5. Convert the result back to percentage form:
Taxable Equivalent Yield = 5.53846154%

So, the taxable equivalent yield for a 3.60 percent municipal bond when you are in the 35 percent tax bracket is approximately 5.54%.

To know more about taxable equivalent visit:

https://brainly.com/question/30511629

#SPJ11

True or false is April 15th is an important date for people who have a job.

Answers

Answer:

true

Explanation:

its Tax Day so they are very busy

YOOOOOOOOOOO just wanted to say

Answers

Answer:

wassup

Explanation:

A corporation announces a dividend of $.10 per share. If you own 1,500 shares of stock, how much money in dividends will you receive?

Answers

$150 money in dividends will you receive. That is $.10 per stock *1,500 shares= $150.The total of a company's declared dividends issued for each outstanding investors share of its common stock is known as the dividend per share (DPS).

The amount is determined by dividing the total dividends paid out by a company over a period of time, typically a year, including interim dividends, by the total number of outstanding ordinary shares issued. DPS is a crucial statistic for investors since the amount of dividends a company pays out directly translates to shareholder income. It is the simplest calculation an investor may uses.

To learn more about DPS, click here.

https://brainly.com/question/13931207

#SPJ1

When the economy slips into a recession, normally the demand for bonds ________, the supply of bonds ________, and the interest rate ________, everything else held constant. a. decreases; increases; rises b. decreases; decreases; falls c. increases; increases; rises d. increases; decreases; fal

Answers

Answer:

b. decreases; decreases; falls.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Recession can be defined as a period of economic meltdown, in which there's a general decline in all economic activities such as trade.

Hence, when the economy slips into a recession, normally the demand for bonds decreases, the supply of bonds decreases, and the interest rate falls, ceteris paribus (everything else held constant).

a title examiner tries to establish who is the present owner of a certain property by reviewing all the previous deeds of the previous owners he can find. the title examiner is trying to establish:

Answers

Answer:

(If you like this answer i would appreciate if u give brainliest but otherwise, i hope this helped ^^)

Explanation:

The title examiner is trying to establish the chain of ownership or the current owner of a certain property. By reviewing the previous deeds of the property's previous owners, the title examiner aims to trace the history of ownership transfers to determine the rightful and current owner. This process helps ensure that the property's title is clear and free from any potential legal issues or claims.

what is meant by business objectives

Answers

Answer:

Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.

Answer:

Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.

Explanation:

These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.

what multiplication do you do to convert currency ​

Answers

To convert from the base currency, we multiply by the exchange rate. Just like multiplying to apply a commodity price.

Hope it helpss:))

Explanation:

you multiply by the exchange rate.

Other Questions
policy that ensures that one group of people is not subjected to an unfair share of pollution follows the ____ principle. If we want to form 6.25 grams of solid nickel how many grams of nickel (lll) oxide will we need to start with? A square has a perimeter of 12x + 40 units. Which expression representsthe side length of the square in units? *X + 4O x + 40O 3x + 103x + 43 6 I need steps to know how we did it as the senior prefect of your school you have been invited to tell the parent teacher Association about what the school needs most Compare at least one poem by Yeats and at least one by Eliot asmodernist experiments. Listen, read the question, and choose the option with the correct answer.OFruitBased on the audio, what food group does Pablo seem to prefer?O Vegetables which action is included in nursing cafe for a client who just had a cardiac catherization Cystic fibrosis is a disease that affects the ability of cells to move sodium across the cell membrane. This causes mucus to build up in the lungs resulting in respiratory problems.11. What is the inheritance pattern shown?12. Provide at least one piece of evidence for your claim. If a wave from one slit of a Young's double slit experiment arrives at a point on the screen one-half wavelength behind the wave from the other slit, which is observed at that point WILL GIVE BRAINLIESTHow does the process of natural selection account for the diversity of organisms that Darwin observed on the Galapagos Islands? How many ways can we list the names Bobby, Billy, Mickey, Sally, Betty, Jimmy, Mary, and Fred? Show your work and leave your answer in either exponential or factorial form.can you please show me exponential and factorial form? HELP i havent payed attention all school year jajajajajajajajjajajajaja NAME THE CORRESPONDING ANGLE to angle 3!!!! PLEASE HELPPP In general, when a charged particle enters a uniform magnetic field at a nonzero angle, the resultant path of the charged particle will be __________ .a. an ellipseb. a parabolac. straight line.d. a helixe. a circle phrases such as "future plans" "refer back" and "basic fundamentals" are all considered what? U.S. English What will you call you mother sister ??aunt or something elseWhat is the meaning of godfather??? who was the first leader of the ottoman empire April Fools needs to evaluate a new project. ABOUT THE COMPANY . . April Fools currently has no debt. Its current cost of equity is 11.2 percent. ABOUT THE COMPANY'S PROJECT: April Fools would need to immediately invest $11.55 million to buy fixed assets. The straight-line depreciation method will be used for these assets. The economic life is six years. . The project would last for six years. Every year , the project will generate revenues minus costs of goods sold in the amount of $3.29 million. Their after-tax value should be discounted using the company's cost of equity. ABOUT THE MARKET. . The risk-free rate is 3.1 percent per year. The risk-free cash flows from this project, such as the annual "depreciation tax shields" (HINT: see Ch.6 PowerPoint!), will be discounted at this rate April Fools is in the 25 percent income tax rate bracket. Use the project's estimated unlevered cash flows to calculate its unlevered net present value. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89) Net present value Using a New Classical macroeconomic model, explain in detail theextent to which demand- side polices can stimulate economicgrowth?