COMM 22011MT2C 12. If Vick's wage increases from $14.00 per hour to $15.50 per hour, and she decides to work more hour, then we know that: A. her substitution effect is the same than her income B. her substitution effect is greater than her substitution effect. C. her income effect is D. cannot be determined increase, the equilibrium quantity of money will increase. then: A. The equilibrium interest rate will increase, the equilibrium quantity of mon will increase. B. The equilibrium interest rate will recte and the equilibrium quantity of money will decrease. c. Both the equilibrium interest rate and the equilibrium quantity of 14. A $1000-face-value bond has a 7% coupon rate, its current price is $ $1020 next year. What is the bond's rate of return in on A. 3.90% B. 4.41% C. 9.55% D. 10.05% 15. Anna's utility function is given by U=I, where I represents weekly income. Suppose she is currently earning a weekly income of $800 with certainty. She is offered a chance to take a new job that offers a 50% probability of weekly earning $400 and 50% probability of weekly earning $1500. What are the utilities of the current job and new job? A. 28.28;38.73 B. 28.28;29.36 C. 30;58.73 D. 28.28;19.36 16. You want to buy a used car for your just graduated daughter and decide to buy with the help of a car dealer. You know the value of your daughter's desired car is between $50,000 to $52,000. If you think that the dealer knows as much as you do about the car, how much are you planning to pay? If you think that the dealer knows more than you about the car, how much are you planning to pay? Assume that you only care about the expected value of the car you want to buy, and the car value is A. $50,000;$52,000 B. $52,000;$51,000 C. $51,000;$51,000 D. $51,000;$50,000