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Q. Not having had a contract or a "hit" during the last 12 months, Itchy "Fingers" Valachi, the Mafia's chief executioner, needs a loan to pay off the bills his wife has run up at Penney's. He goes to his pal "Hammerhead" the loan shark who loans him $10,000 for a year. "Hammerhead" tells Itchy, "Since you're my best friend I'm only going to charge you 20% per year so which you will pay only $2,000 interest for the loan. Of course, I want you to pay the principal plus interest ($12,000) back in 12 equal end-of-month payments of $1,000. If you don't make the payments on time you will be dropped into a vat of acid." Happily, Itchy replies "Thanks Hammerhead, you're a pal." Illustrate kind of pal is Hammerhead? Give a quantitative evaluation -- Illustrate what is true effective interest rate per year?
q1. on april 1 1996 taco bell the fast-food chain ran a full-page as in the new york times with this news in an effort
A large school of sharks is reportedly seen by beach-goers at the beaches of Melbourne.
Brand X contains 20, 2 and 1 units of the minerals, while Brand Y contains 4, 1, 2 units of the minerals respectively. Brand X costs $18 per kg while Brand Y costs 6 per kg.
Based on costs and revenues above, which should you do. Elucidate and show any relevant calculations.
The marginal costs suffered by the monopolist when it supplies the first 10 units of its product are, respectively, 1, 2, 3, 5, 7, 9, 11, 14, 17 and 20 dollars per product unit. What is the value of the highest Total Producer's Surplus that the mo..
Explain how would you show this with a simple supply and demand diagram. If this firm was monopolistically competitive with a "u-shaped" cost structure, how would you show the results of this firm's attempt to increase its profits.
How does anarchy lead to a focus on consensus and give power to veto states and coalitions? How does ecology and sovereignty collide?
q1. consider the information you have read this week on international trade and specifically regarding the domestic
q1. how did various visions of a reconstructed south fluctuate? explain how did these visions reflect the old political
What if the monopolist charged P= $5.50 for the first 3 units of the commodity and P= $4 for the next 3 units What type of price discriminiation is this?
A state meat inspector in Iowa has been given the assignment of estimating the mean net weight of packages of ground chuck labeled "3 pounds.
Do you agree or disagree with the statement which: A monopolist always charges the highest possible price.
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