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Student Emergency Financial Services, Inc., which makes small loans to college students, offers to lend $550. The borrower is required to pay $42 at the end of each week for 16 weeks. Find the interest rate per week. What is the nominal interest rate per year? What is the effective interest rate per year?
This week there was news that some prices are rising. I heard that in some countries where corruption is high the prices are also higher. I wonder if there is causality or just both at same. It would be interesting to find some material to support if..
Aggregate demand and aggregate demand curve. The three reasons that explain the downward slope nature of the AD curve. Please list some factors that shift the AD curve to the right or left. Please explain why the SRAS curve is upward sloped and LRAS ..
Calculate the returns to scale, marginal productivity, and state which of the functions defines a convex feasible region over their entire usage?
Patrick enjoys consuming chocolate but really detests broccoli. Describe the shape of Patrick's indifference curves for these two goods and explain your reasoning. Jaime enjoys both iced tea and hot dogs. Explain why Jaime's indifference curves for t..
full over the last month, are you optimizing. Illustrate wow about if it is 75% full at 9 am.
Which of the following is NOT required for Solver to generate a solution?
Each of the following statements is related to the AD-AS model. Using the labels below, decide whether each statement refers to the aggregate demand curve, the short-run aggregate supply curve, or both. Represents a change in consumer response as ove..
Complete the following table by indicating whether each variable will rise, fall, or remain unchanged (NC) in the long run following an increase in national saving S. You don’t need to draw any graphs or give any explanations, but feel free to use th..
Delta and Southwest Airlines announced a new round of fare discounts. In response Sangita Woerner, Vice President of Marketing at Alaska Airlines, said, it’s unlikely that we will match these fare reductions because we do not anticipate any negative ..
Nancy's Notions pays a delivery firm to distribute its products in the metro area. Delivery costs are $36,000 per year. Nancy can buy a used truck for $7,000 that will be adequate for the next 3 years. What is this investment's internal rate of retur..
When the price faced by a firm in a competitive market was $5, the firm produced nothing in the short run. However, when the price rose to $10, the firm produced 100 tons of output. From this we can infer that
The cyclically balanced budget: Answer is not easy to implement, because it is difficult to plan to balance the surpluses and deficits over a span of years. is mandated by federal law to be the responsibility of Congress. has political support becaus..
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