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A local lending institution advertises the “51-50 Club.” A person may borrow $2000 and repay $51 for the next 50 months, beginning 30 days after receiving the money. Compute the nominal annual interest rate for this loan. What is the effective interest rate?
Discuss and explain whether demand, equilibrium price, and quantity increases or decreases for gas and red meat, respectively, in the following two scenarios.
The focus of the text is development of "3-criteria," successful organizations have in their human resource organization plans: the project of decision rights; an appropriate incentive and rewards system;
Stu and Harriett divorce after eight years of marriage. Under the divorce decree, Harriett receives a vacation home that had been held jointly with Stu while they were married.
Ralph Waldo Emerson once wrote "want is growing giant whom the coat of have was never large enough to cover." How does this statement relate to the definition of economics
A company must decide whether to buy Machine A or Machine B.Machine A:Initial Cost: 10,000
Suppose if the discount rate for the stock is 12 percent, at what price will the stock sell.
Our economy thrives on competition. Market forces will lead company to produce the mix of goods most desired. Unforeseen events can be responded to in a rational manner.
a. If there are no restrictions on pollution, what amount is discharged b. What is the quantity supplied and the quantity demanded if the government restricts the amount of discharge to Q* but gives the permits away
Carl paid $40,000 to the City of Hollywood for general revenue bonds. During the current year, he receives $2,300 interest income from the bonds. Market interest rates drop causing the value of the bonds to increase so Carl sells the bonds for $43,00..
If average variable prices are assumed to remain constant over a 10 percent increase in output, elucidate the effects of the proposed price cut on total profits.
When you are a manager for a MNC in a foreign country do you interfere with local customs such as mistreatment of women and use of 10 year old children as child labor, or do you respect the local customs and traditions?
Imagine there are two polluters of a given substance with the following marginal-abatement cost functions MAC1=200-e(1) and MAC2=300-3e(2) where emissions are measured in tons/year and both MAC1 and MAC2 are measure in $/ton. Draw on a graph MAC1...
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