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A wealthy patron of a small private college wishes to endow a chair in mathematics with a gift of G thousand dollars. Suppose the mathematician who occupies the chair is to receive $150 thousand dollars per year in salary and benefits. If money costs 4% per year compounded continuously, what is the smallest possible value for G?
G=_____________ thousand dollars
Either an increase in demand with the supply curve held constant or a decrease in supply with the demand curve held constant will raise a market's equilibrium price.
Singapore Airlines (SIA) is considering an expansion of its fleet. Specifically, SIA is considering the purchase of twenty new A380-800 airplanes from Airbus. Airbus has offered SIA the following options concerning the transaction:
If countries are first ranked by level or real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? What are the short-run and long-run effects on an economy of a ..
q.michael likes to eat chips and ice cream. michael purchased 10 units bags of chips at 2 per unit and his marginal
Assume Hailey's Utility Function is U = x^2 y . The price of X is $8 per unit and the price of Y is $2 per unit. Her income is currently $240 / month. Determine her utility maximizing quantities of x and y. Suppose the price of X goes down to $4 per ..
Write down equation that can be solved for yield to maturity of this bond: that is, equation that equates Current value of bond payments to cost of bond. Estimate Current value of bond when interest rate is 8%.
Economic growth would be illustrated by select one d a rightward shift of aggregate demand a leftward shift of aggregate demand a rightward shift of aggregate supply a leftward shift of aggregate supply
A business called TopClass, Inc. has the following Costs and Benefits: Initial Cost: $70,000, Annual Costs: $7,500, Salvage Value: $10,000, and Benefits: $25,000 for years 1 and 2, $35,000 for years 3 and 4, $25,000 for years 5 and 6. The MARR is 10%..
q.use the following graph for yolandas frozen yogurt stand to answer the questions that follows.a. to compute the price
The terms of the loan are not renegotiated, so the borrower has a guaranteed nominal interest rate of 10%. What is the expected real interest rate for this loan?
If undergraduate universities changed from a letter grading system (A,B,C,D,F) to a pass-fail system, what impact would this most likely have on the usefulness of education as an effective employee screening device? Analyze what effect this may have ..
Suppose an economy’s production function is Y = K1/2 x [AN]1/2 and that the savings rate, s, is equal to 21%, the depreciation rate, d, is equal to 8 %, the number of workers grows at 1.7% and the rate of technological progress is 6% per year, then f..
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