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Luis wants to have $2,000,000 in net worth when he retires. to achieve this goal, he plans to invest 10,000 each year (starting one year from now) into an account that earns 10% interest compounded annually. The amount of time before Luis can retire as a multimillionaire is how many years?
You plan to live in your house for 20 years, and your 20 year mortgage (principle and interest only) is $2,100/month. If you expect inflation to average 3% annually, what is your constant dollar mortgage payment on the day of your last payment?
q.suppose you elasticity of demand for your parking lot spaces are -0.5 and price is 20 per day. if your mc is zero
A survey of economists revealed that more than three-fourths of them agreed with a number of statements, including which of the following.
Suppose two hot dog stands, Al’s & Bob’s, position themselves at different ends of a 100 yard stretch of beach. Assume there are 100 beach goers evenly distributed along the stretch of beach and travel costs are $.1 per yard. If Al charges $1 for his..
q.pham can work as many or as few hours as she wants at the college bookstore for 9 per hour. but due to her hectic
The government wants to make Medicare benefits available to more people, but to achieve this goal, it needs to make cuts in the existing Medicare budget. The two areas where they are considering cuts are non-essential elective surgery and 6-12 month ..
In multiple regression analysis, explain why the typical hypothesis that analysts want to test is whether a particular regression coefficient (B) is equal to zero (H0: B = 0) versus whether that coefficient is not equal to zero (H1: B ? 0).
Consider a product market for a normal good. Suppose consumers' income increases. Explain what will happen to labor demand for firms in that market.
How should labour be allocated between x and y to satisfy the demands calculated in part.
The deadweight loss from a tax of $x per unit will be smallest in a market
Assume the interest rate is 5% per year and a business expects to earn 50,000 dollars in profits at the end of each year forever. What is the value of the business?
The following are different types of production function. Determine whether each one has constant, increasing or decreasing returns to scale. a. Q=20L+20K+50 b. Q=30L²+25K² C. Q=40L+20K+10LK d. Q=25L0.4K0.8 e. Q=20L0.3K0.6M0.2
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