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The Bible prohibits usury (Lev. 25). It is one reason the Catholic Church forbid banking to Christians for 1,000 years. However debt and the paying of interest is very common now. Is borrowing Biblically forbidden? What is the brief history of Christianity and interest, borrowing and banking in general? Should Christians lend or borrow?
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees In many smaller cities all McDonald's outlets are owned by the same franchisee. Why is (or isn't) this fac..
Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a. Find q..
Supply-side economics, during President Reagan’s administration, involved the supply component of the supply-demand equation. stressing the importance of tax cuts for businesses.or else.
If a credit card company charges 3% each month on the unpaid balance, compounded monthly, what is the effective annual rate?
(a) Find Clear Vision's profit-maximizing output and price. Determine the resulting profit for Clear Vision. (b) Suppose that Box City imposes a (specific) tax of t = $1 per unit of service. Find Clear Vision's new profit-maximizing output, price, ..
Using the given functions, draw a corresponding demand curve and a supply curve. Properly label the equilibrium price and quantity.
Dunne, Roberts, and Samuelson found that industries which have high entry rates, tend to also have high exit rates. Can you explain this finding?
Problem: What was the purpose of creating the Federal Reserve System?
Which of the following situation descriptive a perfectly competitive market. Graph marginal costs from table below and answer the following questions:
You just bought a new hard drive for your computer. You plan to use this as a secondary hard drive to store all your UMA files. Once installed, what needs to be done to the drive and what do these two tasks do?
All three spend half their time on each activity (C)iv. Larry spends half his time on each activity, while Moeonly washes cars and Curly only mows lawns (D)
What do you think is the market structure in the Tutoring Industry , i.e. market models, and why? Do you think this market structure is likely to change in the future? Why?
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