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You deposit $3,000 in a savings account that earns 8% simple interest per year. How many years will it take to double your balance? If, instead, you deposit the $3,000 in another savings account that earns 7% interest compounded yearly, how many years will it take to double your balance?
Firm A makes and sells motor cycles. The total cost of each cycle is the sum of the costs of frames, assembly and engine. The firm produces its own engines according to the cost equation. Calculate the MC of producing an additional engine. Calculate ..
Explain with a graph and a verbal explanation how a ticket price ceiling placed on a monopoly sports franchise (that does not sell out its games) may actually lower ticket prices and raise attendance.
Jill, a widow, died on December 15, 2015. At her death Jill owned many assets with the following FMV at DOD (fair market value at time of death): Calculate Jill’s taxable estate. Calculate the amount of Jill’s estate tax
Social Security is projected to experience a shortfall in 2035. If nothing is done, recipients will start receiving only 85% of earned benefits. What do you think is the most fair solution- increasing mandatory contributions to more than 7.65%, remov..
An insurance agency sells auto and home insurance policies and has 1000 clients. The data below show the distribution of the clients. 300 clients purchase only auto insurance policies 500 clients purchase both, auto AND home insurance policies 200 cl..
What happens to consumer and producer surplus when the sale of good is taxed? How does the change in consumer and producer surplus comapare to the tax revenue? As a result of the above are taxes necessary to have? Explain.
With regard to globalization is it your contention that as countries become more technically capable they represent a bigger threat to US companies? Wouldn't the US be able to capitalize on creating the technologies that enable this?
“Falling oil prices will lead to increased employment, higher wage rates and increased real money balances.” Comment on this statement with the help of an AD-AS diagram and explain the short-run and long-run adjustment processes.
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for Hours and spend A dollars advertising, your benefit(the amount you receive when you sell your car) is B(H,A)=220H-H^2+2A. Write down the ..
q1. for each of the determinants of demand in equation 2.1 classify an example exemplify the effect on the demand for
A company has issued 10-year bonds, with a face value of $1,000,000, in $1,000 units.Interest at 8% is paid quarterly. If an investor desires to earn 12% nominal interest (compounded quarterly) on $10,000 worth of these bonds, what would the purchase..
In countries such as Zimbabwe, which had problems with high inflation, the increased use of another country’s currency (such as the U.S. dollar or South African rand) became common. Why do you suppose this occurred?
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