Question: ANSWER COMPLETELY SHOW ALL WORK, NO EXCEL ALLOWED. WILL LEAVE THUMBS UP IF CORRCT ANSWER 2. What is the present value of an infinite annuity

ANSWER COMPLETELY SHOW ALL WORK, NO EXCEL ALLOWED. WILL LEAVE THUMBS UP IF CORRCT ANSWER

2. What is the present value of an infinite annuity of $7,8020, which provides the first payment in exactly 14 years? Your opportunity cost of funds is 9%

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=+ e. Will Congress succeed in its goal of helping the working class? Explain.

=+ c. Now suppose that Congress, concerned about the welfare of the working class, passes a law

=+requiring fi rms to pay workers a real wage of one unit of output. How does this wage compare to the equilibrium wage?