Will Jr.

An individual has $17000 income in period 0 and $60,000 income in period 1. If the individual desires to consume $30,000 in period 1, what is the maximum consumption in period 0 assuming the interest rate is 6%? I can't find a formula to solve this questi...

Not sure how to solve: Two Questions: (1)Cindy has income of $12000 in year 0. Calculate her income in year 1 if she wants to consume $26,000 in year 0 and $14,000 in year 1. Assume the interest rate is 4% per year. (2)Jonathan has income of $45000 in per...

Assume that the market for annual physical check-ups is in equilibrium, and not everyone gets an annual physical check-up. What is the effect on price and quantity if a government regulation fixes prices at the current level and requires everyone to get a...

A couple of assignment questions: Assume that the market for annual physical check-ups is in equilibrium, and not everyone gets an annual physical check-up. What is the effect on price and quantity if a government regulation fixes prices at the current le...

Thats all the info that was provided, It's an assignment and I am finding some of these questions ambiguous. Here's two more that are similar: (1)Cindy has income of $12000 in year 0. Calculate her income in year 1 if she wants to consume $26,000 in year...

Thanks for the responses. This (Finance) professor is notorious for using ambiguous problems.