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Sally deposited $100 a month in her savings account for 24 months. For the next five years she made no deposits. What is the future worth in Sally's account at the end of seven years if the account earned 6% interest annually, compounded monthly?
A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees.
Suppose the following were facts relating years of education to average annual income of individuals. Would you use the inductive or deductive method to derive an economic principle from these facts.
Provide a cost-benefit analysis for a company that has to decide whether to hire more staff or hire temporary workers to meet production schedules.
What is the standard deviation for the class? b. What percentile did you score in?
q. imports of peanuts into the united states are subject to a quota set at about 1.7 million pounds per year.a.
If the price per visit is given to be $25, at what level of visits will the maximum profit position be? What are the profits at this level? What is the quantity supplied?
Markets can give a buyer everything a buyer needs to know about a product even though the buyer does not have the training to understand the specific knowledge needed to build or distribute the product.
Create a table showing total production for the two countries with no trade. Create a table that assumes total specialization. What is the effect on total production? What are the two extreme (relative) prices that are possible for trade in this situ..
Elucidate how consumers in an economy can be better ff if the marginal rate of transformation does not equal consumer's marginal rate of consumption.
Reduce labor market rigidities. What can be wrong about joining forces and adopting a common currency? The euro is obviously good for Europe.
appliance store are unable to successfully compete also are driven out of business. why does Wal-Mart have a cost advantage over its competitor.
Do you think that Business practices in an Islamic country are likely to differ from Business practices in the United States? If so, how? Recognize why many economics believe that unrestricted free trade between nations will raise the economic welfar..
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