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Mary borrows $80,000 to buy her home. Beginning next month she will pay the lender $720 per month for the next 20 years. What is the ROR? (Hint: 20 years = 240 months. Calculate the monthly interest rate first, then multiply by 12 to obtain the annual percentage rate, APR). Express the interest rate as an integer. For example, for 6%, enter 6.
As a manager of a firm you find the marginal cost of the firm to be $10 and the fixed cost $100. For the range of prices that you are planning to charge, own price elasticity of demand is believed to be –1.25. Calculate the optimal (profit maximizing..
q1. does the existence of poverty imply that our socioeconomic system is unjust? does the concentration of poverty in
Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market efficiency? What ..
Write down the profit maximization problem for the rm.
The saying "Give a person a fish also he shall eat today; teach a person to fish also he will eat forever" is most consistent with.
Problems in the banking system eroded international confidence in Southeast Asian economies including those of Thailand, South Korea, and especially Indonesia which eventually leaded to the Southeast Asian crisis in 1997-98.
Jacob consumes 2 goods, coffee and cigarettes, 3 cigarettes can be traded for 1 cup of coffee in a free market, or 1 cup of coffee can be traded for 3 cigarettes, Jacob initially has 12 cigarettes and 5 cups of coffee. Find an equation that gives eve..
Your company has just signed a three- year non renewable contract with the city of New Orleans for earthmoving work. You are investigating the purchase of heavy construction equipment for this job. The equipment cost $200,000 and qualifies for 5 year..
suppose a student athlete has the opportunity to earn $800,000 next year playing basketball, $700,000 next year playing basketball or $0 going to college. what is the opportunity cost of going back to college
q1. within which sections of the production function is marginal product increasing?q2. explicate the link between
Prove that every weighted average of three numbers x1
In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP. International trade agree..
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