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Suppose you wish to fit a periodic function, with a known period T. Describe how you could modify the truncated power series basis to achieve this goal.
An ice cream vendor sells three flavors: chocolate, strawberry, and vanilla. 45% of the sales are chocolate, while 30% are strawberry, with the rest vanilla flavored.
At a student café, there are equal numbers of two types of customers with the following values. The café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot p..
Earl obtained a loan for 22000 dollars. He will pay it back in 17 months with an interest rate of 8 yearly compunded monthly. Each payment will be $200 larger than the previous payment. Calculate the amount of the last payment.
Letdenote the point on the aggregate demand curve whereSketch the paths of y and π over time if
ten bidders in an oral auction have the following values for an antique clock 10 9 8 7 6 5 4 3 2 1. if bidders of the
A corporation is interested in knowing which potential sales are next year if you use $20,000 in advertising expenses. The corporation uses the data from previous years to make its sales forecast.
Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms.
Jane starts working on her 25th birthday with an annual saary of $55,000. She sets aside 5% of her salary at the end of each year for her pension plan, whch is matched by her employer.
Qt = 2.5 - 0.3 x Pt + 12 x Mt Where Qt represents the quantity of widgets sold per period t, Pt represents the price of widgets during period t, and Mt represents average household income of customers during period t.
Suppose that two firms compete in quantities (Cournot) in a market in which demand is described by P = 260 - 2Q. Each firm incurs no fixed costs but has a constant marginal cost of 20. Suppose that after the cartel is established, one firm decides ..
The car dealership allows her to defer payments for 12 months, and Kris makes 36 end-of-month payments thereafter. If the original note (loan) is for $24,000 and interest is 12% per month on the unpaid balance, how much will Kris/ payments be
Explain under what conditions the incurring of a government deficit and subsequent borrowing by issuing bonds leads to a crowding out of private investment.
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