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1. Murphy Morsels just bought a new chocolate-chip- making machine for $25,000. Murphy's old machine was taken as a trade and was valued at $5000. Also, Murphy received a 5% discount on the new machine's price after the trade-in allowance. Murphy plans on making monthly payments for 3 years with 12% nominal interest. What is the monthly payment?
2. Nichols Electric expects to replace a $500,000 piece of equipment in 4 years. It plans to accumulate the necessary funds by making equal monthly deposits into a bank fund that earns 3 % per month. What is the monthly deposit?
Suppose that n 2 bidders are submitting bids to win an item that is worth 100 to each of them.a bid is any number from (0,100). The highest bid wins the item. if m bidders submit the highest bid then they share the item, so each receives a benefit ..
A public-interest group supports the subsidy, arguing that it helps consumers and producers alike. Economists oppose the subsidy, declaring that it leads to an inefficient level of output. In your opinion, which side is correct? Explain carefully.
Suppose foreign shrimp prices drop by 32 percent and importers gain a 90 percent market share. From this information, what would economists strongly suspect about this industry?
Find out if, for the good marked with ALL CAP lettering, if there is the increase or decrease in demand.
Using quarterly data, calculate the coefficient of variation of detrended personal disposable income, consumption, consumtion of durables, and consumption of nondurables plus services. Comment on the relative variability of these series.
What level of output should be produced to maximize profits?
You have been asked to develop a financial analysis of two projects and based on Net Present Value (NPV), Return on Investment (ROI), and Profitability Index (PI).
Professor's Overview of the Final Exam There are no readings this week. Your sole task is to answer the three questions that comprise the final exam for this course. Your answers to each of the three questions should be approximately 2-4 pages long, ..
capitalism emphasizes fostering individualism while socialism emphasizes collectivism. a major criticism of capitalism
describe a scenario where either the supply or price of a good or service is intentionally limited by the government.
Discuss the pros and cons of such a policy from a short-run versus a long-run perspective. Also, include a discussion of the Phillips curve in your analysis.
The problem is a literature review belongs to Economics and it is explains about Currency Crisis. Currency crisis arises out of abrupt changes in the nominal exchange rates in the economy.
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