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Ben needs cash fast and has asked Lucy for a loan. Ben will willing to put up his PlayStation as collateral. Lucy has determined after a quick Internet search that Ben's PlayStation is worth $300. Based on an Experian credit report, Lucy has determined that there is a 50 percent chance that Ben will repay the loan at 10 percent interest. How much should Lucy lend Ben?
a.
$1,500
b.
$750
c.
$300
d.
$500
e.
$1,000
What could a president or other government policymaker do to raise a contry's standard of living.
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
You are division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q = 100,000 – 1.25P, what price should you charge in order to maximizes revenues from sales of the Highlander?
You have been hired as a consultant by your local mayor to look at the various market structures. Your role is to provide analysis and answers to these important questions that will help the mayor understand the structures of many of the businesses i..
A firm, which is the only supplier of a good located in a particular town, is accused of engaging in anticompetitive tactics in order to protect its monopoly position in that town. As part of its defense, the firm has argued that the geographic an..
Suppose your telephone plan charges you $25 per month plus ten cents per minute for long distance calls. Write an equation that describes your monthly telephone account.
The production possibilities curve is an important model of how much an economy can produce given resources & technology.
Explain whether you think the supply of the following goods is elastic or inelastic,
21st century electronics has found a theft problem at its warehouse and has decided to hire security guards. The firm wants to hire the optimal number of security guards.
In a simple economy assume that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Compute gross domestic product from the following set of numbers.
Environmental education activities seek to change consumers' behavior to be more environmentally friendly , even when price and income are constant.What in this model of consumer demand are the environmental educators trying to change
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