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Val-lok industries manufacture miniature valves and fittings. Over a period of 8 years, the costs associated with 1 product line were as follows: initial investment cost of $22,000 and annual costs
A permanent endowment at the Wartburg College is to award scholarships to engineering science students twice per year. The first awards are to be made beginning 11.5 years after a $2.2 million lump
In a given market at a given demand, time for a service increases and supply of that service decreases. Examine the impact of these changes on equilibrium price and quantity. Make sure you analyze
Suppose you want to buy a house and can afford a $10,000 down payment and a $1,000 monthly mortgage payment. If 30-year mortgage loans are available for a nominal rate of 3% per year with monthly co
Determine the cross price elasticity of demand with respect to a change in price of pretzels? Simplify to a function of price of pretzels and coke.
Assume that in January 2014, Joe Biden had borrowed $50,000 from his bank and paid an interest rate of 3%. He paid it back on December 31, 2014. Explain what was the nominal interest C rate that Mr.
The annual salaries of an employee who work for a company have a mean of $62,250 and a standard deviation of 9,820. The years of experience for the same employees have a mean of 18 years and a stand
Your savings account will be worth $259,000 on January 1 2015. Every month thereafter, you make a cash contribution of $767 to the account.
Suppose you are considering purchasing a savings bond that will pay $100 in 5 years. The market interest rate currently is 3% per year.
Determine the following capital market: a risk-free asset yielding of 0.75% per year and a mutual fund consisting of the 30% bonds and 70% stocks.
Immediately after the CD is issued, the secondary price on $2 million CD falls to $1,998,750. Determine the new secondary market quoted yield, the bond equivalent yield, and EAR on the $2 million fa
Describe in detail how the interest elasticity of investment affects the level of crowding out. Be sure to explain why this is the case.
Suppose that G is back at its original level, butMs increases by 200. By how much will Y increase in short-run equilibrium? Determine the multiplier for the money supply?
The trucking industry faced the following economic conditions in 2011 the US: (1) At last the US economy was recovering from a prolonged slump during which the trucking had shrunk its capacity by 14
Teresa likes to talk on the telephone. We can symbolize her preferences with utility function U(B;C) = 10B +5J, where J and B are the minutes of conversation per month with the Jackie and Bill respe
The U.S. retail gas price jumped from $3 to $4 a gallon in June 2008. This is a 33% increase in the price from January 2008. During that time, total quantity of gasoline purchased fell by the 3%.
Assume the demand for good X is given by the Qdx = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and income is $100. Given these income and prices, Explain how much of g
Suppose that you agree with a venture capitalist that you will pay her $1.557 million 3.5 years from now for her investment in your invention. She needs you to set aside an amount of money semiannua
Assume that the demand for electricity is approximately Q= 2800 - 40P, price falls to $15, and the new consumer surplus is $60,500. Discuss how is the new consumer surplus divided amon
What happens to price and output in Bertrand, Cournot, and the Stackelberg models if marginal costs increase by 10 %? The market demand is p = a? b Q and the marginal cost is constant across firms,
How can consider and economy with the following production technology: Y = 9K1/3 L2/3 , where the aggregate labor is L=100 and aggregate capital stock is K=100.
Discuss how can they earn profits when people can always eat more which would increase the restaurant's costs as they eat more? Discuss what principle are the restaurants relying on? How does this w
Your discount rate is 5%. Determine the present value of the payment to be received? Assume that your discount rate rises to 6%. Calculate the present value of the payment to be received?
Discuss how much money would the consumer need in order to have the same utility level after the price change as before the price change?
Calculate the maximum amount of water Michael could possibly consume in a week in the presence of this tax? (Assume that Michael's $1000 per week budget is fixed and that the tax is levied instantly