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What primary considerations, in addition to good character, management capability, collateral, and owner’s equity in the SBA's loan decision process should be realized in an entrepreneur’s application for a basic 7(a) guaranteed loan?
Suppose that two firms compete simultaneously in quantities. The inverse demand function is given by P = 12 - Q where Q = Q1 + Q2 is the sum of the quantities produced by firms 1 and 2 respectively. Assume also that these firms have NO COSTS. If firm..
Explain which of the following is a positive or a normative statement.
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Draw the budget constraint for the individual with the composite good on the y-axis and food on the x-a..
question 1. pick a country and talk about the products they import and export with the u.s.a. also talk about the
Between patents and copyrights, which reflects a free market, and which is a grant of monopoly privilege by the state? Patents give inventors or developers of new products
Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers: a high-end type that willing to pay a price of $ 25 for a pair of Levis Jeans and a low-end type customer that are willi..
Will the gains from trade be larger or smaller if one of the factors is not mobile in production? Why? Demonstrate your conclusion graphically. Is it true that if neither factor is mobile the country will receive no gains from trade? Explain.
Abby and Jason are building a new house. They obtained a construction loan of $100,000, which will be rolled over into a conventional 20-year mortgage when the house is complete in 14 months. Simple interest of 0.5% per month will be charged on the c..
Suppose Ann's marginal rate of substitution between good y and good x is -2. Bill's marginal rate of substitution between good y and good x is -3. Each consumer has 10 units of each good. Propose a trade between Ann and Bill that would make each cons..
How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes?
This means that there is a bigger shortage or excess demand than there otherwise would be. Illustrate what is your view of the law forbidding the sale of human organs.
Illustrate what role does Macroeconomics play in your personal financial decisions and that of your place of work or firm you are familiar with.
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