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What single amount at the end of the fifth year is equivalent to a uniform annual series of $3,000 per year for 10 years if the interest rate is 9% compounded annually?
What is total surplus and why is it greatest at market equilibrium? Use another example to help. Explain the direct and indirect effects of price floors and price ceilings and why they are inefficient AND unfair. Why do we use percentages in the meas..
Italian energy concern Eni SpA agreed to annually purchase 2 billion cubic meters of LNG from Nigeria LNG Ltd. for resale to the United States. The gas is to be produced at the Bonny facility in Africa and delivered to the Cameron import terminal in ..
Newspaper vending machines are designed so that once you have paid for one paper; you have access to all the papers in the machine and could take multiple papers at a time. However, other vending machines dispense only one item (the item you bought)...
Create a brief scenario and walk it through the litigation process, beginning with how to select the proper jurisdiction of a court, and progressing through the basic steps leading to a resolution of the dispute through appeal.
Suppose the demand for steel is P=720-8Qd and the supply of steel is P=360+8Qs. The home country is small in the world steel market and the world price of steel is $400. Find the free trade levels of steel production and consumption as well as steel ..
Low switching costs and the availability of many subs+tutes for Tropicana Orange Juice indicates what in a Porters analysis? a. Power of buyers is high b. Power of suppliers is high c. Power of suppliers is low d. Power of buyers is low
“Finally, it is extremely important to keep in mind that neither Chamberlin nor Robinson was saying that competition no longer existed among producers. The crucial point was that competition among competitors in competitive market structures led to d..
You are planning to purchase a house in 5 years and want to save for a down payment. If you deposit $5,000 each year into an account earning 3% interest, how much will have for a mortgage down payment?
A single firm’s innovations in production technology often benefit the production of other firms, because these other firms learn about the new technology and can use some of the ideas in their own production. Why does this positive externality creat..
The United States is experiencing a recession and Congress decides to adopt an expansionary fiscal policy to stimulate the economy.
Explain why income inequality has changed in recent history. In the United States, what are some of the reasons for a less equal distribution of income over the past two decades? How has this been reflected in society, particularly in light of the qu..
Illustrate what would be a reasonable breakdown between private sector vs. public sector spending for an increment of $1. Are we talking $0.8 from private and $0.2 from public or would you suggest a bigger swing either way.
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