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Jean invests $1,000 into her employer's retirement plan on 31st birthday; also she continues to make annual $1,000 payments for 10 years. So her total contribution (principal) is $10,000. Jean then stops making payments into her plan plus keeps her money in the savings plan untouched for 25 more years. Doug creates putting money aside on his 41st birthday as he deposits $1,000, and he continues these payments until he gets to be 65 years old. Doug's contributed principal amounts to $25,000 over this period of time. If Jean's and Doug's retirement plans earn interest of 6% per year, illustrate how much will they have accumulated principal plus interest when they reach 65 years old? What is the moral of this situation?
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
Estimated regression equation for which quantifies the demand for Widget
In economic terms, when the wage rate increases we sometimes see the number of hours worked by individuals decrease now.
Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each.
Suppose that the market for wheat is characterized by the following demand and supply relationships.
Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..
Russian farmers, again, have a poor crop. Their government has announced that they will not ban exports. Discuss the impact on domestic and world prices, consumers and producers the effects of the Russian government's decision.
If a sample of 110 artists was taken, find the average value above which only 15% would lie. Give your answer in dollars to the nearest dollar.
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points.
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
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