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A man borrows $120,000 to buy a home. The interest rate is 4.5%, compounded monthly, and its period is 30 years. a) What will be the monthly payment (equal payments) for the life of the loan
What is the amount of 10 equal annual deposits that can provide five annual withdrawals, where a first withdrawal of $3,000 is made at the end of year 11 and subsequent withdrawals increase at the r
Kim deposits her annual bonus into a saving account that pays 8% interest compounded annually. The size of her bonus increases by $2,000 each year, and the initial bonus amount is $5,000.
Assume that Venezuela imposes a quota that limits imports to 300 TV sets. Determine the quota-induced price increase and the resulting decrease in consumer surplus. Calculate the quota's redistribut
A monopolist faces a market demand curve given by Demand: Q=70-P. The monopolist faces the following cost structure: C=0.25Q^2-5Q+200. What output level will the monopolist choose in order to maximi
The firm's production manager claims that the firm's average cost of production is minimized at an output of 40 units. Furthermore, she claims that 40 units is the firm's profit maximizing level of
a refresher on how to calculate a riskier investment, when Company A has expected returns of $50,000 and standard diviation of $40,000. Company B has expected returns of $250,000 and standard deviat
The provider is assumed to maximize profits. Determine the provider's equilibrium wage and how many nursing units it will hire. The provider is a monopsonist, which means it is the sole purchaser of
The quantity demanded of Good Z depends upon the price of Z (Pz), monthly income (Y), and the price of a related Good W (Pw). Demand for Good Z (Qz) is given by equation 1 below: Qz = 150 - 8Pz + 2Y
If the demand and supply curve for computers are: D = 100 - 6P, S = 28 + 3P where P is the price of computers, what is the quantity of computers bought and sold at equilibrium.
Assume that the officials in Ecoland have compiled the following information about their economy for last year: The government uses the following equation for the investment function: I = 3,300 - 100r
Venus Computer can produce 23,000 personal computersa year on its daytime shift. The fixed manufacturing costs per yearare $2million and the total labor cost is $9,109,000. To increaseits production
A total of 1000 residents in Minnesota were asked which season they preferred. The results were 100 liked winter best, 300 liked spring, 400 liked summer, and 200 liked fall. If the data were summar
High performance Bicycle products company in Chapel Hill, North Carolina, sampled its shipping records for a certain day with these results: Time form Recepit of order to delivery ( in days)
You want to start a company, and are trying to decide between two different industries. You are doing your final research before you write your business plan. Industry A has 20 firms and a Concentra
Compute the inflation rate for each year 1989-2006 and determine which were years of inflation. In which years did deflation occur In which years did disinflation occur Was there hyperinflation in a
Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. Your usage of paint drops from 35 gallons a month to 20 gallons a month. Compute the pr
The state Medicaid agency has set a rate of $5.50 per visit for all Medicaid enrollees who visit a physician. Each physician also has private paying patients. The demand curve for each physician can
Mr. John is experiencing high repair cost for his snack blending machine. He suspect that the machine is being blenderized by customers, who are irrate because of low blending machine reliability.
Transportation costs per 1000 units 800 1,100 950 Which location would minimize the total costs, given an annual production of 50,000 unit for what l
You shop for groceries in 2007 and buy $300 of food. Two years later, in 2009, you buy an identical "market basket" of groceries, only this time it cost $318. What is the CPI relative to 2007 as the
Household spending is given by the following equation: C = $100 + 0.70Yd and Intended Investment = $125. (a) Calculate the equilibrium level of income in the economy, and explain why this is the case.
At the end of 2006 an expert economist from the Global Economic Institute in Kiel, Germany, predicted a drop in the value of the dollar against the euro of 10% over the next 5 years. If the exchange
Consider the log-linear model 0 1 1 2 2 ln(Y) β0+ β1X1+ β2X2 + u Suppose you think that the value of β2 (the effect of X2) was not constant, but rather increased when X1 increased.
David Ding advertises on a local radio station. For the past six week, the manager has kept records of the humber of minutes of advertising that were purchased, and the sales for that week. Week 1,