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The simple interest formula is I = Prt (Interest = Principal * rate * time). This is one way that interest is calculated on a loan or investment.
Create a loan scenario: Tell a story about the purpose of the loan, who was involved, and explain the terms and conditions of the loan. Present your scenario to the class; make sure it includes values for three of the four variables for the simple interest formula. Do not solve the problem, but let your classmates complete the solution.
When price level increases it reduces the purchasing power of our income. What is the impact of inflation on savings and interest rates?
Illustrate what variables other than cost appear to have the biggest impact on the demand products
How would the following changes in price affect total revenue? That is, would total revenue increase, decline, or remain unchanged?
hebron and stack discuss the fragmentation of nations - the rise of smaller units within a nation. while this is
Explain the economics of the taxi medallion system. This is discussed in the text and in numerous places on the web. Why did cities start the medallion system? Do you think it is a good idea? Explain the economics of the ride-sharing firms such as Ub..
Assume that a monopolist has a demand curve given by P = 1500 - 4Q, and T C = 100 + 5Q2 with MC = 10Q. Calculate the dead weight loss. Calculate the producer surplus
Explain how did Flextronics' industrial park strategy enable the company to respond to national changes in relative factor costs.
Bryan's muffins, Inc., generated $5,000,000 in sales during 2013, and it's yearend total assets were $2,500,000. Also at year end 2013, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $2..
Let's use cloth and food, with inputs of labor andland, with cloth the labor intensive industry. If the relativeprice of food increases in the 2 good HO economy, what happens to the relative utilization of the labor in the production of food
Next, suppose that the government establishes a price floor of $4.60 for wheat. What will be the main effects of this price floor? Demonstrate your answer graphically.
determine what product it could export and discuss why this product could be successful in that country. Make sure to explore and report the demographics of the country, as well as any transnational concerns listed.
What is the Federal Reserve (Fed) all about? Which Federal Reserve District Bank is closest to you? Who is the current Chairman of the Fed?
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