Which of the following statements is correct? a) Macroeconomists would be more likely to study inflation, and microeconomists would be more likely to study rent control in New York City.
b) Microeconomists would be more likely to study inflation, and macroeconomists would be more likely to study rent control in New York City.
c) Macroeconomists would be more likely than microeconomists to study both inflation and rent control in New York City.
d) Microeconomists would be more likely than macroeconomists to study both inflation and rent control in New York City.

An emerging methodology to integrate the effort of the development team and the operations team to improve the functionality and security of applications is known as

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve. has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve. is a lower opportunity cost producer of the good.

3. saving two consumers, larry and jeff, have utility functions defined over the two periods of their lives: middle age (period zero) and retirement (period 1). they have the same income in period 0 of m dollars and they will not earn income in period 1. the interest rate they face is r. larry’s and jeff’s utility functions are as follow. = 0.5 + 0.5 and = 0.5 + 0.5 for each person is between zero and one and represents each consumer’s temporal discount econ 340: intermediate microeconomics. ben van kammen: purdue university. rate. a. write the budget constraint that applies to both jeff and larry in terms of consumption in each period and ), interest rate, and m. b. what is larry’s and what is jeff’s marginal rate of intertemporal substitution? c. what is the slope of the budget constraint? d. write each consumer’s condition for lifetime utility maximization. e. re-arrange the conditions from part (d) to solve for the ratio, . f. if > which consumer will save more of his middle age income? g. if > 1 1+ , in which period will larry consume more: = 0 or = 1?