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If the annual increase is 5% and if the interest rate is 12%, determine the very first deposit she should make at the end of year 1.
Suppose the following data describes a nation's population: Unemployment rate 6 percent 6 percent. How many people are unemployed in each year?
A shirt company spends $1000 per week on rent for its factory. Each shirt made at the factory requires $2 worth of cloth and $6 worth of labour and energy. What is the average cost of the shirt?
From the shape of Lisa's indifference curve, what can you say about Lisa's preferences? If Lisa has to buy her own cake and ice cream, will she usually buy just cake, just ice cream, or a combinatio
Is the change from 5 to 150 a drastic or radical change? Is your situation with 150 planes flying over your house each day more tolerable because the number increased slowly and imperceptibly?
Rachel is not allowed to borrow. Whenever possible, Rachel wants to smooth consumption between periods. How much will she save during her working period?
What combination of the two goods below allows you to maximize your utility with a budget constraint of $14? Show how you arrived at your conclusion in the space provided below.
Formulate a linear optimization model to determine how many units should be shipped from each plant to each regional distribution center. You do not need to solve the problem.
A rise in the price to $32.50 causes the number of consumers to decline to 800. What is the price elasticity of demand? Is demand elastic, unit-elastic or inelastic?
where sleep and totwrk (total work) are measured in minutes per week and educ and age are measured in years. (i) If adults trade off sleep for work, what is the sign of b1?
State Iris's cost minimization problem and use it to derive the optimal quantities of N and A given the number of tulips produced. Derive the marginal cost function of producing tulip bulbs.
If the current exchange rate is EUR/USD 1.4500, what should the expected PPP implied EUR/USD exchange rates be five years from now?
The price-elasticity coefficient for eggs is known to be 0.8. If you want to increase your sales quantity by 10% through a price-change, what should you do to price?
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Draw a supply/demand diagram showing the CHANGES in the market for live rock concerts over the period 1998 and 2008 that is consistent with the facts given above.
Bond B requires the investor to forge $4 a year. If the interest rates are 8%, what is the present value of this forgone interest?
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)?
Derive the optimization conditions if the owner-manager wishes to obtain a specific level of utility at the lowest possible cost? Do these conditions differ from the utility-maximizing conditions?
If the company wants to earn a rate of return of 20% per year and recover its investments in 8 years, what must be the net value of the hydrogen produced each year?
Find the flaws in reasoning in the following statements, paying particular attention to the distinction between shifts of and movements along the supply and demand curves.
This organization is planning a meeting with the dean and president of the college. Which of the following best describes the policy the student organization will fight for?
An estimated 80 percent increase in retail price of cigarettes is necessary to cause a 30 percent drop in the number of cigarettes sold. Would Such a price increase help or hurt tobacco industry pro
Then sell the proceeds for delivery forward at F dollars per pound at the end of the period, at which time you payoff your loan: How much should you gain in order to just offset your cost of carry?
A firm has the following revenue and cost functions. Determine the level at which the firm maximizes its total profit (hint: use marginal revenue=marginal cost rule)
Draw a completely labeled graph to help you explain the shutdown decision. You should show two graphs in your answer, one for the market as a whole, and one for this store in particular.