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According to a website of an installment lender, borrowers in California could be eligible to receive a loan of $2600 and pay back by making fixed monthly payments of $767.96 for nine months.
Calculate the yield to maturity of this loan. Answer in percent and round to two decimal places.
When a monopoly firm is operating in a range of output where total revenue is increasing as output increases, then marginal revenue
Suppose that country A is now at steady state. There is a one-time increase in population. All other factors are unchanged. Illustrate in the diagram how the country will move toward the steady state. Suppose that technology of country B improves, bu..
q1. assume you are to specify a short-run total variable cost function for a nursing home. elucidate the variables you
When it started a century ago, marketing treated all customers the same. By the 1960s, marketers were able to break that anonymous mass into segments. Now customer databases allow them to treat customers as individuals. A system like the one above wo..
During the war, the same arms merchant often sells weapons to both sides of the conflict. In this situation, a different price could be offered to each side because there is no danger of resale. Suppose a US arms merchant has a monopoly of a special ..
Think our company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs.
Suppose someone stated that the Heckscher-Ohlin model is best-suited for explaining trade between developed countries and developing countries, while newer theories such as those of Linder and Krugman are best-suited for explaining trade among develo..
Explain and graphically illustrate the effects of the tax cut on aggregate output, consumption, employment and the real wage.
Identify three roles for money: money is a unit of account, a store of value also acts as a medium of exchange.
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..
A tax cut has just been announced. Congressman Growth states that its effect will be on the supply side, Congress Stable states that its effect will be on the demand side. Demonstrate graphically the effect of the tax cut on the price level and outpu..
You’re 20 years old, and you’re trying to decide which career path to take based on the future expected streams of income. Occupation A has you earning $15,000 for 5 years, then $25,000 for then next 30 years. What occupation would be better if the i..
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