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Suppose that you desire to get a lump sum payment of 100,000 two years from now. Rounded to full dollars, how many current dollars will you have to invest today at a 10 percent interest to accomplish your goal?
Is there any range of production characterized by scale of economies. At Illustrate what production level are scale economies exhausted.
Explain how more would cumulative spending increase as a result.
Show graphically about what happens to utility level and elucidate why the result is plausible.
Suppose that in the short run k=100. Moreover, wage of labor is w=5 and price of the product is p=10. What are the optimal units of labor?
Suppose that these cost figures accurately refl ect the economic costs of providing inpatient services at these two hospitals and that the two hospitals face the same average total cost curve.
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
Suppose the price is currently $2. Illustrate what problem exists in the economy. What would you expect to happen to price.
Consider a perfectly competitive market with many homogenous exercise gyms. Exercise gyms have learned that customers tend to use the gym less often than the customer anticipated when she signed up.
He is fouled attempting a three-point shot and is awarded three free throws. Assuming each free throw is independent, what is the probability that he makes at least two of the free throws?
How disparate are returns if you win. As disparity increases => marginal benefit increases. Which of these two explanations is correct.
She could also use her entire budget to buy 3 uglifruits and 8 breadfruits per day. The price of uglifruits is 8 yen each. How much is Natalie's income per day?
Ilustrate what is the marginal propensity to consume (MPC).
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