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‘Creditors' include £3,700, which, together with the bank overdraft, are secured. Hence, £29,000 of the liabilities, made up of the bank overdraft and other secured creditors, must be paid first and in full.
Calculate:
1. The rate in the £ that an unsecured creditor will receive.
2. The amount owed to an unsecured creditor who receives £13,420
(a) What kind of utility function does Quasimodo have? (b) If the price of x is p and price of money spend on other goods (y) is 1, then what is his inverse demand curve for earplugs?
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Explain the causes of recent recession and when it started and when it technically ended. Finally why the recent recession was called the worst recession after the great depression.
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