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What equal annual deposits must be made at t=2,3,4,5,8,9 and in 10 in order to accumulate $40,000 at t=15 if money is worth 10% compounded annually?
Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls.
Suppose the marginal expense of hiring another worker is $150 and the marginal expense of hiring current workers for an extra hour is $10.
State the commodity in which each country has absolute advantage and Identify the commodity of comparative advantage for each country
Write down an equations for total revenue and marginal revenue.
My utility for cookies C and milk M is u(C;M) = C1=3M2=3. Every week I have wealth w = $8 to spend on cookies and milk. Last week, prices were pC = 1; pM = 1; this week there is a big sale on cookies so prices are pC = 1=2; pM = 1.
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
what do they need to set the monetary base to? What does this mean? How will the Fed do this?
Briefly elucidate how knowledge of price elasticity between different groups of customers
Explain the aims of counter cycliceal policy. Show how governments might achieve these aims by using the instruments available to them
Explain how do these tools influence the money supply, and in turn, affect macroeconomic factors.
What is the internal rate of return for a cab if it is retired at the end of its economic service life What is the internal rate of return for a sequence of identical cabs if each cab in the sequence is replaced at the optimal time
Vera, a single individual, receives $18,000 of dividend income and $38,000 of interest income from tax-exempt bonds. Vera also receives Social Security benefits of $16,000. What is Vera's gross income?
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