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Suppose you borrowed $10,000 at an interest rate of 12%, compounded quarterly over 36 months. At the end of the first year (after 4 payments), you want to negotiate with the bank to pay off the remainder of the loan in 4 equal semi-annual payments. What is the amount of these payments, if the interest rate and compounding frequency remain the same?
Suppose that the income of the average Canadian household increases because a larger percentage of women enter the labour force. What do you think will happen to demand for the following products or services? What does your answer imply about income ..
What type of organizational structure is the company currently using?
Evaluate how average, total, and marginal costs change as the output of a good or service of your choice increases. Can economies of scale be maintained despite high start-up costs.
Suppose Jason has allocated his entire budget to the purchase of apples and bananas. The marginal utility of the last apple purchased is 10 utils and each apple costs 10 cents.
How will each of the following affect the supply for insurance?
Explain why the food stamp program can have the same effect on the consumption pattern and well-being of recipients as an outright.
questionfor a labor market in a city or region assume that wages under bad times is 100 and under good times is 150.
Distinguish between a balance-of-payments surplus and a balance-of-payments deficit in terms of payments of official reserves.
Concert attendance depends on the weather. There are three possible types of weather on the day of the concert: terrible, with probability 20%, mediocre, with probability 60%, and great, with probability 20%. What is the expected attendance, E(X)? Fi..
Suppose that Ellen has $I to spend on goods x and y: The price of good x is px and the price of good y is p y: Write down Ellen's budget line and draw it. Indicate the slope, as well as the vertical and the horizontal intercept.
Elucidate how much profit does an individual producer make in a month. Is this a long-run equilibrium.
Assume that a nation’s marginal propensity to consume is 0.9, and that its potential GDP exceeds its actual real GDP by $5000. By how much should that nations government change taxes in order to completely close that GDP gap?
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