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A volunteer fire department anticipates purchasing a fire truck in 3 years. Today it will cost $625,000 but the cost is increasing to 4% per year. Find the semi annual payments needed to accumulate funds to purchase the truck if funds earn 6% compounded semi annually. Round the nearest dollar at each step
Explain how both the flow-of-product approach and the earnings approach can be used to measure GDP and the role profit plays in these calculations.
Assess the role of the Federal Reserve in mitigating the negative impact of the 2008 financial meltdown on the economy.
Draw a demand and supply diagram of a bond market and show the equilibrium price and quantity demanded and supplied in the diagram. What are the factors that shift these demand and supply of bonds? What is the relationship between bond market prices ..
Think of a real-life example of a profit corporation or small business with which you are familiar.
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
David black, representing the management of the automobile manufacturers disagreed with McDonald's assessment. Black cited studies that indicated price elasticity's ranging from 0.5 to 1.5.
Discuss the new equilibrium price also quantity which result from these changes. Can you exhibit some of these changes graphically.
q.the missing link chain-link fence company is trying to determine how many chain-link fabricating machines to buy for
Suppose individuals require a certain level of food (x) to remain alive. Let this amount be given by X0. Once X0 is purchased, individuals obtain utility from food and other goods (y) of the form.
Suppose that the wage is $20 per hour in a two-sector (manufacturing and agriculture) specific-factors model. Currently, the prices of manufactured and agricultural outputs are $5 and $1, respectively;
If by bad management components of a corporation become competitive, the system is destroyed. A common example lies in the practice of ranking people,
Assume that macroeconomic forecasters predict that the economy will be expanding in the near future. Explain how might managers use this information.
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