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A college student has $55,000 in student-loan debt at the end of her senior year. The interest rate on this debt is 0.5% per month. If monthly payments on this loan are $913, how many months will it take for her to repay the entire loan? The first payment will start one month after her graduation.
Offer one good or service that you think would be considered highly price elastic ,one that you think is highly inelastic and Elucidate why.
Given the long-term budgetary deficits facing the federal government, some members of Congress have advocated repealing the prescription drug benefit that it created for Medicare beneficiaries in 2003 (i.e. Medicare Part D). If that should happen, ho..
Two division managers at King Size Manufacturing have been in a long discussion with top management about allocation of capital spending over the next three years. His bonus is based on total sales and he wants a larger bonus for himself and his mana..
Explain the legitimacy for local and national government agencies to use taxpayer money to assist small companies in the effort to export. Determine how taxpayer money can help local economies.
Suppose a firm in a perfectly competitive industry has a short run total cost function given by TC=1100+0.02Q^2 and a marginal cost given by MC=0.04Q. If the market price is 12, what will the firm’s short run profits be?
Characterize the future of US-based companies desiring to expand overseas within the next 5 years. What political, economic, and technological challenges might those companies face and why? How can they be overcome?
Identify opportunities to apply innovation and creativity into decision making. Discuss how companies can achieve competitive advantage through business strategy?
If investors in Europe lose confidence in Turkey’s leadership and decide to pull assets out of Turkey, what will this do to the exchange rate between the Euro and the Turkish Lira? Explain and illustrate with supply-demand graph(s). Be as specific an..
Mike borrowed $20,000 from a credit union to buy a car at 8.5% interest per year compounded monthly for 60 months. The monthly payment for Mike is equal to _______________?
Illustrate what change in the economic enviJorgement led to this new equilibrium.
The mission statement for Quaker Oats cites its origins, “inspired by the power and wholesome goodness of the amazing oat.” Frito-Lay looks a little more to the present, citing its mission “To be the world’s favorite snack and always within arm’s rea..
Draw a graph for each part with quantities of vegetarian pizza on the horizontal axis and quantities of meat lovers pizza on the vertical axis to illustrate the following situations. In each case draw two indifference curves and make a little arrow p..
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