Consider an OLG model in which N0 = 100, and the gross population growth rate is equal to n. Each individual only receives y = 100 coconuts when he is young, and nothing when old. The monetary authority introduces either M = 1000 or M = 2000 units of gold in the first period, and distribute them equally among the old generation in that period. Gold can be used either as the medium of exchange or consumed like a regular commodity, and it yields a utility equal to 5 units of the endowment (~v = 5). Finally, suppose the individual preference is such that everybody wants to save, in real terms, y 1+ vt vt+1 . a. (4pts) Suppose gold can only be used as money, what is the value of v g t for n = 1, M = 1000 or 2000, and t = 1 or 2. b. (3pts) What is the rate of inflation pt+1 pt in each case, and what is the current (c1) and future (c2) consumption, respectively? c. (3pts) Which case is not stable and why? What is going to happen then? After the new equilibrium is restored, what is the amount of monetary gold and non-monetary gold, respectively?

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)

On december 1, 2017, bigham corporation pays a dividend of $4.00 on each share of its common stock. vanessa and gena, two unrelated shareholders, each own 5,000 shares of the stock. vanessa has owned her stock for two years while gena purchased her stock on november 3, 2017. how does each shareholder treat the $20,000 dividend from bigham