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Ken loans his grandson rex $20,000 at 5.5 percent per year to help pay for executive chef schoolingg in Florida . Rex requires 3 years till he begins to earna a salary. he agrees to pay ken the loan in the following order : year 1,2,3 nothing to be paid year 4 : X year 5 : 2X year 6 : 3X year 7 : 4X year 8 : 5X a) Find the value of X such that the loan is fully repaid with the last payment. b) What is the dollar amount of each of the five payments ? c) Find the value of all the intrest paid to ken ?
Trade liberalization leads to a "race to the bottom" in environmental standards. Make the argument and counter-argument, present the following data;
Illustrate what greens fees should the operator set on weekdays and how many rounds will be played.
Assume that the firms act independently as in the Cournot model i.e., each firm assumes that the other firm's output will not change.
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
Consider a world in which there is no currency also depository institutions matter only transactions deposits also desire to hold no excess reserves.
Illustrate what was the value of the government expenditure multiplier. Suppose that investment declined by $40 to a level of $60. What will be the new level of equilibrium income.
If the company wishes to restore its sales to 10,000 pairs a month, illustrate what price should it charge every pair of socks.
Smith has been trying to sell his house for six months, but so far, there are no buyers. Sketch the market for Smith's house.
Why would unemployment also job rationing the consequences of setting a minimum wage of 2 dollar every hour in this marketplace
Illustrate what will be total effect on M3 money supply. Explain illustrate what steps can be taken by Fed to reduce M3 money supply in economy.
Assume a one-time decrease in population, possibly caused by an onset of disease or a sudden out-migration.
elucidate how income changes along demand curve and why a local builder seeking to maximize income on a small site would be interested in elasticity of demand.
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