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A refrigerator sold for $500. The store financed the refrigerator by charging 0.5% monthly interest on the unpaid balance. If the refrigerator is paid for with 30 equal end-of-month payments:
a. What will be the size of the monthly payments?
b. If the first payment is not made until one year after the purchase, what will be the size of the monthly payments?
Describe the kinds of Economic Systems - Price mechanism also known as the market mechanism, that helps to solve the central problems in Capitalist Economy. Explain.
During the past decade, India has invested about 22% of its GDP while China's investment rate has been double than that of India's, India's annual growth rate has been about 6 while that of China has been about 9%. Based on the Harrod-Domar Growth mo..
What strategy does P&G appear to be moving toward? What are the benefits of this strategy? What are the potential risks associated with it?
Keeping in view the law of supply how the following factors will shift the supply curve? each answer must be supported by diagram?
A logging company in the Florida swamps, who harvest the driest ground first and each harvest requires more resources to produce as conditions worsen is facing what type of costs?
Ricardian equivalence implies
If Michael is spending all of his money on these 2 snacks which he purchase more chips also less ice cream as well as purchase less chips.
they pay 20 cents to the Lord High Mayor of Rabushka. What is the marginal tax rate in Rabushka for a worker whose income is $1 million?
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
The difference between a monopsonist and a monopolist is that. In a perfectly competitive output market, the value of the marginal product of a resource is
Why or why not? More generally, are pricing strategies such as odd pricing, price discrimination, cost-plus pricing, and two-part tariffs valid, ethical economic strategies? Why or why not?
sofa manufacturer presently is using 50 workers also 30 machines to produce 5,000 sofas a day.
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