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You are down on your luck and need a loan, quick! You locate Mr. Loa N. Shark who advertises weekly loans for “an almost imperceptibly small rate” of only 2.0%, prepaid at the time of the loan. You sign over your federal tax refund for $800 to Mr. Shark, with proof that it is correct and will be forthcoming from the IRS in one week.
a. How much money does Mr. Shark hand you?
b. How much weekly interest are you really paying?
c. What is the nominal annual interest rate?
d. What is the effective annual interest rate?
Use a demand-and-supply model to explain the impact of occupational segregation or “crowding” on the relative wage rates and earnings of men and women. Who gains and who loses from the elimination of occupational segregation? Is there a net gain or a..
Suppose the market price of corn is $1.50 per bushel. Would a farmer sell corn to the market or the government (CCC)? How much of a countercyclical payment per bushel would the farmer receive?
Surveys indicate that Americans are becoming more and more dependent on over the counter medications such as Advil. For each of the following two scenarios, illustrate and describe the effect on both the demand and supply curves and on equilibrium pr..
Some, like Santander, have quietly expanded into or business lines; its consumer-credit division is Europe's biggest car financier. What is next.
When a TV company chooses a pay-per-view scheme to pay for programming, which of the following is true, false or uncertain? Explain carefully in each case. Most of the marks will be awarded for the clarity of your explanation.
The Lorenz curve is criticized for all of the following EXCEPT
Which statement about inflation targeting is true?
Kyle, Brian and Pam are all partners in a general partnership that is engaged in the business of event planning. Kyle contributed 45% of the capital, Brian contributed 40% of the capital, and Pam contributed 15% of the capital of the partnership. Wit..
Suppose Katie, Kendra, and Kristen each purchase a particular type of cell phone at a price of $80. Kate's willingness to pay was $100, Kendra's willingness to pay was $95, and Kristen's willingness to pay was $80. For the three individuals together,..
A study the seasonal demand and supply, explain what happened to cause the oil prices to fall to consumer demand in early 2015. Draw demand and supply curves to explain what happened.
q.a monopolist operates in two markets. one market is the domestic market described by the demand function qd100-pd
What is the difference between second-degree price discrimination and third-degree price discrimination?
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