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Twelve payments of ?$11,000 each are to be repaid monthly at the end of each month. The monthly interest rate is 4?%. a. What is the present equivalent? (i.e., P0?) of these? payments? b. Repeat Part? (a) when the payments are made at the beginning of the month. Note that the present equivalent will be at the same time as the first monthly payment. c. Explain why the present equivalent amounts in Parts? (a) and? (b) are different.
q1. wanda owns a fish shop. she employs students to sort and pack the fish. students can pack the following amounts of
According to the Freedom of Information Act, _____. Which of the following is an ideal condition for a free market? Select one: a. There are no parties, institutions, or governmental units regulating the quantity of the goods being bought or sold in ..
Which of the following would be classified as a short-run decision?
ESPN currently pays the NFL $1.1 billion per year for eight years for the right to exclusively televised Monday night football. What is the net present value of this investment if the parent Disney Company has an opportunity interest rate equal to it..
If the supply curve shifts to the right what happens to the equilibrium point (ceteris paribus)? If the supply curve shifts to the right, what does the resulting equilibrium point show us in terms of market price and the amount produced (ceteris pari..
Suppose the demand for labor market is given by Labor = 408−2wage and the market supply is given by Labor = 10wage. Suppose a minimum wage is placed on wages that sets the wage at $50. Find the quantity demanded and supplied, and the amount of unempl..
Explain why it might be desirable to have a regressive tax structure, even if the social welfare function is utilitarian, when general equilibrium effects of taxes are taken into account. Would it ever be desirable to impose a negative marginal tax r..
If the Federal Reserve had maintained a constant money supply in the face of this change, what would have happened to the interest rate.
What is the best definition of the basket of goods and services included in the consumer price index?
Consider two labor markets, A and B. Wages in labor market A rise. This could be due to
Consider an individual whose utility function is U = X0.5Y0.5. If she consumes 3 units of X and 4 units of Y, then some level of utility will be experienced. If the individual instead consumes 2 units of Y, how much of good X must she consume in orde..
The 10 economic forecasters of a random sample were asked to forecast the rate of growth of the real gross national product (GNP) for the coming year. Suppose the probability distribution of the r.v.—forecast—is normal. The probability is 0.10 that t..
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