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How did the discussions affect your view of your future role in the field of IT?
You owe $1000 on your credit card. The APR is 24%, compounded monthly. The credit card company indicates that your minimum payment is $22.44. If you make only the minimum mouthy payment, how long will it take for you to repay the $1000 balance (assum..
Suppose an economy’s production function is Y = K1/2 x [AN]1/2 and that the savings rate, s, is equal to 21%, the depreciation rate, d, is equal to 8 %, the number of workers grows at 1.7% and the rate of technological progress is 6% per year, then f..
An equipment rental firm purchased a new scissor lift to add to its rental fleet. The scissor lift cost $18,000 and is expected to have a useful life of 4 years. The salvage value at the end of the lift's useful life is estimated to be $4,000. determ..
Calculate the returns to scale, marginal productivity, and state which of the functions defines a convex feasible region over their entire usage?
Would the outcome of a Hotelling model with prices regulated by the government be efficient?
The following quotation appeared in a Wall Street Journal article on the battle for market share in the automobile industry in 2000: “The huge fixed costs involved in developing new vehicles and running big auto factories means auto makers feel compe..
An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600. What is the HHI? According to the general rule of thumb, the HHI of this industry implies that the market structure is ________ (competitive, noncompetitiv..
Find the net demand curve-facing industry A. Conclude A's optimal price also o/p. How much o/p do the other Industries provide in total.
The distinction between safety and health is based on the distinction between _______. Employers can defend themselves from responsibility for a workplace accident by claiming that _______. The requirement of truthful labeling is an instance of the m..
What is "segmentation by purpose of travel"? How can it help in the analysis of tourism? What is "psychographic" segmentation? How does it help in the analysis of tourism?
Michelle spends all her money on food and clothing. When the price of clothing decreases, she buys more clothing. Does the substitution effect cause her to buy more or less clothing.
Jim decides to “invest” in his backyard by burying $500. If he buries this money in 1944 and the average inflation rate is 3%, what is the purchasing power in 1979? How about 2014? If he had invested in the stock market which paid an average of 10%, ..
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