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What amount will be required to purchase, on an engineer’s 40th birthday, an annuity to provide him with 30 equal semiannual payments of $1,000 each, the first to be received on his 50th birthday, if nominal interest is 4% compounded semiannually?
Illustrate what is meant by the term "natural monopoly" and what are the key characteristics.
Discuss one recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.
Oftentimes, businesses target their customer service departments as costs to be eliminated (to which I agree to an extent). Customer service costs, however, are tied to quality, rework, pride in product, employee turnover, and a myriad of other varia..
q.the clear brook high school band is holding a car wash as a fundraiser to buy new equipment. the average time to wash
In the U.S. health expenditures on drugs amount to about 10% of total health expenditures. In Japan, where physicians are legally permitted to sell pharmaceuticals, national expenditures on drugs are almost double the level in the U.S. Discuss how th..
A computer in surface of road picks up a signal from your car and automatically charges you for use of road. Explain how could this technological change contribute to ending bottlenecks and rush hour congestion.
U.S. is currently suffering from underemployment and excessive current account deficit. What measures can U.S. take to move away from its present situation towards internal and external balance? Consider rules of Bretton Woods and policy tools.
The Electrotech Corporation manufactures two industrial-sized electrical devices: generators and alternators. Both of these products require wiring and testing during the assembly process. There are 260 hours of wiring time and 140 hours of testing t..
Suppose Congress and the president decide that the best method to stimulate the economy is to cut taxes. The total amount of tax cuts approved is $300 billion and the current MPC is .80. Determine the initial fiscal stimulus and the cumulative fiscal..
Why do the soft technologies open more opportunities for women? To what extent have these technologies impacted the perceptions of men’s and women’s roles in the economy, within marriage, and in society as a whole?
What percentage of this loss will the insurance company pay? How much of the loss will George and Nancy have to absorb?
Suppose that with 1 unit of labor, Canada can produce 40 TVs or 20 computers. With 1 unit of labor, Taiwan can produce 30 TVs or 10 computers. Assume that a country imposes a tariff in order to gain a price advantage on an item. What is the typical r..
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