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A certain college graduate, Sallie Evans, has $24,000 in student - loan debt at the end of her college career. The interest rate on this debt is 0.75% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to repay the entire loan?
q.a firm sells its production in a perfectly competitive market at a fixed cost of 10 per unit. it buys 2 inputs l as
q1. rex has determined that demand for his product is given by q180-5p and cost equation given by c75.3q. determine the
Assume demand for a medical service is given by the equation P = 1000-2Q. Assume the price without insurance is $100, but insurance reduces the consumer’s out-of-pocket price to $50. How many extra services will be consumed as a result of the out-of-..
Suppose the demand and supply curves for product are given by: Qd = 500 - 2P and Qs = -100 +3P. I need to graph the supply and demand curves, b. find equilibrium price and quantity,
When Ajax co. Produced 3 units of output per week, its total fixed cost was $100 and total variable cost was $45. When output increased to 4 units per week, total fixed cost remained at $100 and total variable cost increased to $65.
What are the main reasons for the existence of financial intermediaries? Define asymmetric information. What is the Asymmetric information problem of lending? Discuss the adverse selection and moral hazard problems of lending.
Changes in the quantity of money lead to real changes in the economy. If this is the case, why would the central bank ever stop increasing the money supply?
A small consulting firm is only interested in hiring College graduates (denoted by S), but it does not know how many it should hire in order to be profit maximizing. Assume there is a competitive wage of $20 per hour and the production function is F(..
Describe how much the consumer plans to spend in each year and how much she borrows or lends in the first year.
The following equation represents the daily market demand for crude oil. If collusion is not allowed, what kind of market arrangement do you think is likely to result from competitive interactions among these four firms? Now suppose collusion is allo..
What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output. Assume all other things remain constant.
What are the variables of a regression analysis, and how do they affect the results of the analysis? What challenge does this pose to getting reliable results?
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