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Ten years ago, a person deposited $2,000 into an account that paid 5% simple interest for the first four years and then it paid 6% compounded monthly for the remaining six years. The amount in the account at the end of the ten-year period is closest to:
Between 2011 and 2012, the quantity of cars produced and sold decreased by 20%. During the same period, the price of cars increased by 5% and the cost of gasoline increased by 20%. We know that the cross elasticity of demand of gasoline is -0.3. Comp..
q.qd 2000 - 25 p 2 a where p represents cost as well as a is the number of weekly advertisements. presently the
Discuss why most historians attribute the causes of the Great Depression to speculators, Wall Street, business people, and rich people. Explain why The Banking Act of 1934 (Glass-Steagall Act) was enacted, and describe the effects. Explain why FDR to..
Illustrate what is Nurd's equilibrium evel of income. Illustrate what is likely to occur in the coming months if the government takes no action.
A machine makes drill bits. When the machine is operating correctly, the variance of the diameter of drill bits is no more than .04 inches. In a random sample of 81 drill bits, the sample variance was .07. Test the hypothesis at the 1% level that the..
The cost function of a firm is TC = 50 + 4 Q + 2 Q^2. Find the following: The fixed cost (TFC) and the variable cost (TVC) functions The average total cost (ATC), the average variable cost (AVC), and the marginal cost functions (SMC) Using the AVC fu..
Suppose a monopolistic competitor and long-run equilibrium has a constant marginal cost of six dollars and faces the demand curve given in the following table: What output will the firm choose? What will the monopolistic competitor's average fixed co..
Which of the following is a characteristic of a monopoly?
Fiscal policy is most effective in a fixed-rate system when capital is perfectly mobile because there is no domestic “crowding out.” Explain what is meant by the term “crowding out,” and then critically evaluate the previous statement using the IS/LM..
Analyze how a bartender would know which the price of an exotic drink was too low or too high. Provide adequate conceptual justifications.
According to this Application, after the government deceased cigarette taxes in several Canadian provinces in 1994, the decrease in the price of cigarettes in these provinces A) more than doubled the smoking rate. B) created no noticeable change in t..
Financial intermediaries, such as banks, that “stand between” savers and investors serve an important purpose by: having a comparative advantage to evaluate the quality of borrowers at a much higher cost and with lesser outcomes than individual saver..
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