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Q. To purchase a house that cost $250,000, Adriana Lopez made a $25,000 down payment. She financed the remaining $225,000 using a 30-year conventional loan at a 7% per annum compounded monthly interest rate with no additional closing costs. How much were her monthly payments? If she sold the house for $300,000 after 5 years, how much equity would she have had in the house at the time of its sale?
The opportunity cost of Juan's time is $8 per hour. If Juan receives $2 per pound for his fish, what is the optimal number of hours he should spend fishing.
What are the strength of the neoclassical models of labor supply and labor demand. What are the weakness of the neoclassical models of labor supply and labor demand.
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
Using the numbers that you calculated above, explain the relationship between the marginal cost and average variable cost.
Producing nations outside the organization, like Britain and Norway, should do their share and cut production.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Calculate and interpret the own price, cross price, and income elasticity of demand.
Elucidate what type of returns to scale does this technology represent.
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
Sets out the aggregate demand and aggregate supply schedules in Japan. Potential GDP is 600 trillion yen. What is the short-run macroeconomic equilibrium.
Illustrate the significance of resource pricing explain rule or criteria of employing for resources under pure and perfect competition.
What must she/he expect to happen to short term interest rates over the coming year.
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