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To invest in upgrades to your company’s heating , you borrow $165,000 from a local bank. If the bank asks you repay the loan in 15 equal annual installments of $19,500, determine the bank’
Assume that $5000 is deposited today, three years from now, six years from now, nine years from now, and twelve years from now in a savings account which earns 5% annual interest. What is the balance
Your new car loan is $40,000 and your payments per month are $650 for 5 years. What are the annual nominal interest rate and the effective interest rate on this loan?
The current price in the CPI for a pound of coffee is $7.25, and it is projected to increase next year by 2%, then decrease by 3% in the following year, and then increase by 5% the third year. What is
You borrowed $5,000 at 6%, compounded annually. The loan was repaid according to the following schedule. What was the payment in the 3rd and 5th year?
Suppose the government institutes a new sales tax on shoes, which are produced by a competitive constant-cost industry.
What is the annual equivalent value of a geometrically increasing series of payments which has first-year base of $30,000 increasing by 8% per year for 10 years with an interest rate of 12% compounded
What is the present worth of the following income strings at an interest rate of 12%? (All cash flows occur at year end.)
Consider the economies of Hermes and Gribinez,both of which produced gaggles of gop using only tools and workers.Suppose that,over the course of 50 years,the level of physical capital per worker rises
Calculate the money multiplier and the expansion of money when
Estimate the costs of such things as rent, gasoline, food, in your local area and decide how far the amount of money shown in the chart would go in taking care of a family of four
Suppose the Government decides to subsidize exercise by $2 for every mile (Q) consumers run at a health club that charges by the mile. The current demand for running is Q=12-2p.
List three main tools available to the Fed to change the money supply in the economy.
List the various causes of inflation and determine if they are an injection or a leakage. Justify why you selected injection or leakage.
Where do demand and MR intersect the quantity axis? Calculate the equilibrium price and quantity.
What is the difference between the real exchange rate and the nominal exchange rate? If the nominal exchange rate goes from 120 to 160 pesos per dollar, what has happened to the value of a dollar
Calculate the profit-maximizing price and quantity, if the firm operates in the short run (ignoring any possibility of rivalry
Use the total cost (TC) schedule that is presented in the table below to determine the optimal rate of production when the firm can sell all of the output it produces at a price of $6.50 per unit. Als
With the per-unit prices of broccoli (B) and pork rinds (R) equal to $2 and $1, a consumer, George, with an income of $1,000 purchases 300B and 400R. At that point, the consumer’s MRSBR = 3 R/1
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950’s. Applying the economics of price and output, what is the difference between the industr
In recent business publications, find case study in which changes in the maco enviroment play a major role in influencing a firm's competitive strategy. Contrast this with a second case in which micro
Harvard, Yale and Princeton all charge relatively high tuition. Still each uses ACT and SAT score as admission criteria. Are charging a relatively high tuition and using standardized test scores incon
U.S. Treasury securities are auctioned in competitive bidding under rules that are very similar to a Vickrey auction. What is the advantage to the U.S. Treasury of using this type of auction?
The probability that Pete will catch fish on a particular day when he goes fishing is .8. Peter is going fishing 3 days. The variance of the number of days Pete will catch fish is
Suppose a government is established in a country where none previously existed. The government spends 110, financed by borrowing, to provide public services. If autonomous consumption plus investment