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Question: Suppose your art history professor has a small personal art collection, including some works by a famous artist. She bought this artist's paintings at a modest price, before he became well known. One of the paintings is now worth $2 million. When you ask the professor whether she would buy it now for $2 million, she says she wouldn't. Is the professor's decision making consistent? Why or why not?
At the central furniture company, consumers who buy on credit pay an effective annual interest rate of 16.1 percent, based on monthly compounding. What is nominal annual interest rate that they pay?
How can one reconcile the idea of loans with zero percent interest with the existence of moneylenders charging rates above 100 percent per year?
veronica has saved 5000 that will be a down payment on a new car that can be purchased for 38000.athe loan to finance
What is the velocity of money in this economy? If output is 1000 units, i is 4 percent and money supply M is $1,200, what is the price level P? If money supply increases by 5%, what will be the impact on price level if the output increases by 2% and..
Should the line be used to predict the weight loss after 1 hour? If so, predict the weight loss. If not, explain why not. Should the line be used to predict the weight loss after 5 hours? If so, predict the weight loss. If not, explain why not.
what are the impacts of innovation and technology on the cost of production? how does technology affect market
In the imperfect competitive market of jeans, Lean Jeans, Inc., recently offered rebates of $1 off the regular $50 price. Quantity sold jumped 4 more jeans from the previous 100 figure the previous month.
how would a fall in u.s. interest rates affect canadian investment saving net foreign investment and the canadian real
According to the textbook, Bill Clinton re-defined welfare by creating the Temporary Assistance for Needy Families (TANF) program. TANF's key feature was its temporary nature. Conclude whether or not welfare assistance has become temporary. Provide e..
Identify the products target market at home and in your stated foreign market - Indicate the competition of the product category in both home and foreign markets.
Describe various revenue models available as video content shifts from atoms to bits. What are the advantages and disadvantages to each - for consumers, for studios, for middlemen like television networks and Netflix?
Question 3 (a) Consider an open economy without a government sector. It has the components of aggregate spending as follows: ? C = 120 + 0.8Y
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