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You have a credit card balance of $15,000 which you plan to repayin 4 monthly payments. You plan to use the following repaymentschedule:
Month 1 pay interest dueMonth 2 pay interest due + one-half the original balanceMonth 3 pay interest dueMonth 4 pay interest due + one-half the original balance
If the credit card company charges an interest rate of 1.5% permonth, how much interest (to the nearest whole dollar) will you have paid by the end of month four?
There is an opportunity to translate your intuitive thinking into algebraic form. Money demand refers to the amount of money (either in the form of cash or in the checking account or in any other form that can be used to pay for a purchase or serv..
Fit a multiple regression model of y on x1 and x2. Fit two simple linear regressions: (I) y on x1; (II) y on x2. Compare the results of multiple regression analysis with each of simple linear regressions.
a. What are the autarky price of shoes and the quantity produced b. What are the levels of domestic production, consumption, and imports if the world price is $10 c. How do your answers in part b change if this country were to impose a tariff of 3$
Suppose the Canadian dollar (C$) price of one British pound is C$2.12. A hotel room in London costs 120 pounds, while a similar hotel room in Toronto costs C$250. In which city is the hotel room cheaper, and by how much
what extra semiannual expenditure for five years would be justified for the maintenance of a machine in order to avoid an overhaul costing $3000 at the end of five years. assume nominal interest rate of 8% componded semiannually.
In general, the marginal cost curve is U-shaped as you learned in lectures and the textbook. However, exception exists. Please provide one particular industry as an example to illustrate that MC is not U-shaped. Explain briefly the shape of MC in ..
Suppose there are 100 indentical firms in the perfectly competitive notecard industry. Each firm has a short run total cost curve of the form STC= 1/300 q3 +?0.2q?^2+4q+10 and marginal cost is given by SMC = .01q^2 + .4q + 4
Suppose now that an advertising campaign, paid for by the employers who offer risky jobs, stresses the excitement associated with "the thrill of injury," and this campaign changes the attitudes of the work force toward being employed in a risky jo..
A careful investor saved $1,200 each year for 20 years. One year after the savings period ended, the investor withdrew $7,500 each year for a period of 5 years. In the sixth and seventh year, the investor withdrew $4,500 each of those years.
Assuming that the demand is D(P) = 100 - 2P. The regulator chooses average cost pricing. Compute how many firms can efficiently serve the market and the total amount Q produced. (Hint: It suffices to compute the price at the efficient production l..
Suppose that an investor has a choice between buying this security or purchasing a different security that also costs $3,000 today but pays off $3,300 with certainty in one year. How is an investor's choice of which security to purchase related to..
Assume that two rms (A and B) produce identical products in a market. The (inverse) market demand curve is P = 240 -Q where Q is total output from both firms Q = qA + qB. Firm A has a total cost function TCA = 100qA and firm B has total cost funct..
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