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An firm borrowed $169,000 to remodel their office. The load was to be paid back in equal monthly payments over 30 years at 4% interest, compounded monthly. After 16 years, the firm wants to pay off the loan. What is the remaining balance that must be paid off? Express your answer in $ to the nearest $1,000.
Peter consumes comic books (c) and sodas (s). His utility over comic books and sodas is given by u(c,s) = −1 c − 1 s . His income is $10/weeks. Please do not be confused by the fact that the utility here is going to be a negative number, it has no si..
1. The supply of an antibiotic is Q= 30 X P – 200. The demand for it is Q = 8,800 – 20 X P. What is the market equilibrium price and quantity? Public health information can be broadcast at a cost of $100. Public health information is a pure public go..
What element(s) would you give as the cause(s) of Colbert’s failure to achieve his master plan for France?
"The Assistant Secretary for Time Travel recommends that the bureau choose the socially optimal price, the price necessary for efficient allocation of resources. Which price is required for efficient allocation of resources.
The useful life of a machine is 6 years with 1,800 hours of operation annually. The estimated annual ownership and operating cost is $72,450. What is the hourly ownership and operation costs? If the production rate of the machine is to excavate 30yd^..
Examine the level of business activities in the U.S. economy over the past few months. Which trends do you find of interest? What stage of the Business Cycle is the U.S. economy, given the current levels of business activity? Use current data
The first demand-side elasticity discussed in class and the readings was the price elasticity of demand (ED). It is defined as the
Microeconomics - study of individual behaviour - individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry in Australia from this list and discuss the reforms been done in that industry. Cost of production- i..
q1. study plan problems and applications rain spoils the strawberry crop the price raises from 4 to 6 a box and the
Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. Based only on this information, is the Justice Department likely to..
The aggregate-demand curve shows the
Demonstrate that inflation is always a monetary phenomenon in the long-run, and explain why it might not always be a monetary phenomenon in the short-run.
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