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A used car delaer advertises financing at 0% interest over 3 years with monthly payments. You must pay a processing fee of $250 at signing. The car you like cost $6000. a) What is you effective annu
Some laboratory equipment sells for $75,000. The manufacturer offers financing at 8% with annual payments for 4 years for up to $50,000 of the cost. The salesman is willing to cut the price by 10% i
According to Summers what is the most important event over the past 25 years in the global economy Does he see the success of China and the other emerging economies as a threat to the US Why or why
Assume a monopolist with the following demand and cost relationships. Q = 400 - 20p TC = 10 + 5q + q2 Calculate the following: Profit max price Profit max quantity TR, TC, Profit, and the elasticity a
Suppose there are two countries in the world, US and Japan. There are Americans in Japan, and Japanese in the US. Within the US, the market value of all the final goods and services produced by Amer
Within Japan, the market value of all the final goods and services produced by Americans is $50 billion, and the market value of all the final goods and services produced by Japanese is $100 billion
Suppose for an economy the nominal GDP for 2005 is $1,000 million, and the nominal GDP for 2006 is $1,281 million. The GDP chain price index for 2005 is 100, and the GDP chain price index for 2006 i
You are the manager of a monopoly that faces an inverse demand curve P = 100 - 10Q, and has constant average and marginal costs of $20 per unit. The market place is such that a firm can only charge
Little Kona is a small coffee company that is considering entering a market dominated by Big Brew. Each company's profit depends on whether Little Kona enters and whether Big Brew sets a high price
In 1993 the U.S. Congress ratified the North American Trade Agreement, in which the U.S. and Mexico agreed to reduce trade barriers simultaneously. Do the perceived payoffs shown here justify this
The New York Times (Nov. 30, 1993) reported that "the inability of OPEC to agree last week to cut production has sent the oil market into turmoil the lowest price for domestic crude oil since June 1
a road improvement project requires an initial investment of $9 million. Annual maintenance and repairs will be $50,000 for the first 10 years, and $75,000 for the final 15 years. In addition, the r
A man borrows $250,000 to buy a house at the end of year 0 at a nominal 10% a year compounded quarterly. He arranges to make quarterly payments for 10 years, with the first quarterly payments occurr
A woman borrows $50,000 at 10% compounded quaterly. She wishes to repay the money with 10 equal semi annual installments. what must the size of the installment payments be if the first payment is to
The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the marginal tax rate for the proportional tax system as income rises from
What is the optimal number of TV ads and magazine ads What will be the minimum possible level of total expenditures on television and magazine ads necessary to successfully promote the GTS in Chica
Consider an economy that is operating at full-employment level GDP. Assuming the MPC is 0.90, predict the effect on the economy of a $50 billion increase in government spending balanced by a $50 bil
Families USA, a monthly magazine that discusses related to health and health costs, surveyed 30 of its subscribers. It found that the annual health insurance premiums for a family with coverage thro
A survey of an urban university (population of 25,450) showed that 870 of 1100 students sampled attended a home football game during the season. What inferences can be made about student attendance
A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spend studying per week. Based on a simple random sample, they surve
(a) How many different samples of two bundles each are there (b) List all possible samples of size two and compute the mean of each sample. (c) Calculate the population mean and compare it to the mean
A toll bridge across Mississipi River is being considered as a replacement for the current I-40 linking Tennessee to Arkansas. Because this bridge, if approved, will become a part of the U.S. Inters
There is a lot in the news about capitalism and socialism, and it appears that the words are thrown around without a lot of understanding about what they actually mean. Your assignment is to researc
Indicate on the graph the point of market equilibrium Complete the last column indicating at each price level whether the market has a surplus or a (shortage) and by what amount