Applied Economics Exercises
Suggested solutions to DHW textbook exercises. Exercise 2.6. (a) px+3 = 1 ? qx+3 = 1 ? 0.02 = 0.98. (b) p2 x = px · px+1 = (0.99)(0.985) = 0.97515.
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Suggested solutions to DHW textbook exercises. Exercise 2.6. (a) px+3 = 1 ? qx+3 = 1 ? 0.02 = 0.98. (b) p2 x = px · px+1 = (0.99)(0.985) = 0.97515.
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