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A manufacturing company purchased electrical services for the next 5 years to be paid for with $70,000 now. The service after 5 years will be $15,000 per year beginning with the sixth year. After 2 years service the company, having surplus profits, requested to pay for another 5 years service in advance. If the electrical company elected to accept payments in advance, what would each company set as a fair settlement to be paid if:
a. the electrical company considered 15% compounded annually as a fair return
b. the manufacturing company considered 12% as a fair return?
What is the equilibrium price and quantity and assume that changes in fashion cause the demand for tshirts to rise by 4 million at each price. What will be the new equilibrium price and quantity?
Suppose you own a franchise of rental car bureaues in Florida. You recently get a report indicating that about 80% of all tourists visit Florida during winter months in any given year,
Does the Law of Demand hold for Natty Light? Prove using calculus.Is Natty Light a normal or an inferior good? Prove using calculus.
a countrys culture reflects and shapes its values and each country adopts laws that reflect their prevailing ethical
suppose your local congress representative suggests that the federal government should not intervene in the baseball
1. describe some healthcare situations in which an agent has taken advantage of a principal. now describe some
suppose there are only two donut shops brendas and julies. these two donut shops produce identical products. demand for
Economists occasionally speak of “helicopter money” as a short-hand approach to explaining increases in the money supply. Suppose the Governor of the Fed flies over the country in a helicopter dropping 10,000,000 in newly printed $100 bills (a total ..
1. why do economists diagree about the likelihood of a hard-landing?2. why are countries that hold large dollar
What is the relationship between economies of scale and a natural monopoly? What is simultaneous consumption and how does it affect economies of scale? What are network effects and how do they contribute to economies of scale?
Find two points on the curve that have a common tangent line. Bonus: Prove that there are only two such points. I have a midterm tomorrow and I cannot solve this. Can someone solve and explain how/why they did what they did?
Which of the following define positive economic statements and which are normative?
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