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A manufacturing company is planning to set aside $75,000 now and $120,000 one year from now for possible maintenance for a certain type of machine. If the maintenance won't be needed for 4 years, how much will the company have in the account, if it earns interest at a rate of 8% per year? Solve it using: Standard notation, Formula.
What recommendations, i.e. future strategic direction, would you make for the economy (country) to sustain economic growth? Word limit 1000 words. Learning Outcome: 4 & 5
The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 as a cartel. What is a cartel? In what manner did OPEC intend to conduct itself as a cartel? Analytically, account for OPECs rise in power. Explain with a systemic and subsy..
Mitchell's money income is $150. The price of X is $2 and the price Y is $2. Given these prices and income, Mitchell buys 50 units of X and 25 units of Y. Call this combination of X and Y, bundle J. At bundle J, Mitchell's MRS is 2. At bundle J, if M..
The firm maximizes profit by producing the output level at which____. While economists can explain why there are payments for land, labor and capital, they have not been able to explain why there are profits . The demand curve facing the firm shows u..
Many people look back at their years at college and think one of two things; either they relish the fact that they were able to learn and grow from their experience and gain perspective on their future career, or they regret not allowing themselves t..
Which of the following is NOT a main role of a nonstate actor? Which of the following inventions assisted in the creation of the modern state? The realities of globalization are reflected in which type of sovereignty? The dependency theory states tha..
Country A has the production function: Y=F(K,L)=K^(1/2)L^(1/2) a. What is the per-worker production function y=f(k)? b. Assume that country A experiences no population growth or technological progress and that 10 percent of capital depreciates each y..
Beth is a college student who lives in San Francisco and provides math tutoring for extra cash. At a wage of $30 per hour, she is willing to tutor 6 hours per week. At $50 per hour, she is willing to tutor 16 hours per week. Using the midpoint method..
The risk-free rate on 30 year U.S. Treasury bonds is 3.25% and the expected rate of return on the overall stock market is 12%. The company has a beta of 1.6. What is the cost of equity?
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale. The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run a..
Firms are competing in the DVD rental market, they have a symmetric inverse demand P=310-Q (N-firm model). Marginal cost for each is $30. What quantity does each firm produce? What profit does each firm receive?
Consider a low-wage labour market. Workers in this market are not presently covered by the minimum wage, but the government is considering implementing such legislation. If implemented, this law would require employers in the market to pay workers a ..
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