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Q1. A father, on the day his son is born, wishes to determine what lump sum amount would have to be paid into an account bearing interest of 5% per year to provide withdrawals of P 20,000 on each of the son's 18th, 19th, 20th, as well as 21st birthdays.
Q2. Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest involves $30 per acre for seed, $80 per acre for fertilizer, as well as $70 per acre for equipment rentals as well as labor. With these inputs, the land will yield 40 bushels of wheat per acre. If the cost at which wheat can be sold is $5 per bushel as well as if farmers want to earn a normal profit of $10 per acre, what is the most that any farmer would pay to rent your 10 acres? $ What if the cost of wheat rose to $6 per bushel.
Describe the international monetary system known as the Bretton Woods system, or the gold exchange standard that existed from the mid 1940s to the early 1970s.
Outline any two reasons, why the marginal revenue product differs between workers in different jobs.
Use supply and demand model to explain the dramatic rise in the price of a college education.
Characteristics of Proprietorships what percentage of sole proprietorships is engaged in retail trade? Why might more sole proprietorships be engaged in services rather than manufacturing?
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
The cause and effect on how and why there was a government shut down a month ago.
If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
there is an incumbent monopoly in a market. A potential entrant may enter. Draw the game tree describing the situation?
Under oligopoly, if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
If typographical errors occur andomly, about how many pagesin book have three typographical errors. What is the median number of typographical errors per page.
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