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Do you own a home that is financed by a mortgage? If so, how large a down payment did you make? Is the interest rate fixed or variable? If you pay the mortgage off early, are there prepayment penalties? Based on this answers to this question, would you classify your mortgage as prime, subprime, or somewhere between?
Write down the equation that describes the firms optimal choice of capital and labor. Show that a combination of inputs such that K=2L is optimal
Discuss why is increasing per capital income necessary but not sufficient for broadly dipping poverty and improving human welfare?
Compute Calvin's profit-maximizing output level. Compute the Calvin's economic profits at this activity level. Is this activity level sustainable in long run?
Write your paper in the style of an academic journal article. The in-class readings, as well as articles published in The Rand Journal,
When choosing between bundles of beer and pizza, I always look first at the amount of pizza and choose the bundle with the largest amount of pizza. If any two bundles have the same amount of pizza
State the commodity in which each country has absolute advantage amd identify the commodity of comparative advantage for each country
The perfectly competitive company takes the equilibrium value set through the market and maximizes profit through manufacturing where price, which also equals marginal revenue, is equal to marginal cost.
Estimate the monthly payment if the car is purchased with a $15,000 down-payment and estimate the down-payment required to keep the monthly payment at $550
When Burton Denson graduated with honors from the American Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truckers that his revenues were typically $25,000 per month
Despite strong sales and a low marginal cost of producing the product, your company has yet to show a profit from selling the drug.
Write down the household's budget constraints for period 1 and 2 and identify the current account.
Determine the price, income and cross price elasticity of demand and how would you characterize the demand for haddock?
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