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You borrowed $20,000 at a rate of 12% compounded monthly. It will be paid back in 60 equal payments over the next 5 years. Immediately after your 30th payment, you decide to pay off the balance. How much do you have to pay?
Identify and explain the incentives for entrepreneurship. Address why someone would willingly take the numerous risks associated with running a business. Also, discuss the major attributes necessary for a successful entrepreneur
Explain how do I draw a production possibilities curve for 2 products in an economy if a natural disaster affects one but not the other.
In autarky, Jackson produces and consumes 30 units of cattle and 80 units of wheat, while Tahoe produces and consumes 80 units of cattle and 60 units of wheat. Based on this information.
Firms often face the problem of allocating an input in fixed provide among different products.
Consider a product market for a normal good. Suppose consumers' income increases. Explain what will happen to labor demand for firms in that market.
Illustrate what would happen in the market, please Specify whether the policy would cost the Chinese government anything also if so, and explain how much.
Include an example in which the government has used either economic or social regulatory activities. Illustrate do you agree with this regulatory activity.
Calculate the price of elasticity of demand for paint and show your calculations. decide whether the demand for paint is elastic,unitary elastic, or inelastic. explain your reasoning and interpret your results.
Based on the possible beneficial externalities from college education dispute for whether or not a case exists for public funding of college education.
Producing nations outside the organization, like Britain and Norway, should do their share and cut production.
Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping.
Illustrate what is your conclusion about the claim made by the diet program
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