Identify the interest rate you are being charged
Suppose you took a $1500 loan today and agreed to pay $500 in the year two, $500 in year four and $1500 in year six (final year). Identify the interest rate you are being charged per year using: i. Excel's IRR function ii. Excel's GOAL SEEK tool
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Health care costs are reportedly rising at an annual rate that is triple general inflation rate. The current inflation rate is running at the 4% per year.
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Suppose the demand for a medical service is given by equation P = 1000-2Q. Suppose the price without insurance is $100, but insurance reduces consumer's out-of-pocket price to $50.
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Assume the technology for producing mitts improves the meaning that fewer resources are required for each mitt. In contrast, technology for forming the soccer balls does not change. How can draw a new production curve.
A machine that forms a certain piece must be turned off by operator after each piece is completed. The machine "coasts" for 15 seconds after it is turned off, thus are preventing the operator from removing piece quickly before forming the next pie
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