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You have ?$440 in an account which pays 4.1?% compounded annually. How many additional dollars of interest would you earn over 6 years if you moved the money to an account earning 6.5?%?
The state of Minnesota is considering building a highway through undeveloped wilderness. The construction will take 1 year and the construction costs are estimated at $10 million. The annual routine maintenance costs are expected to be $1 million per..
The notion of rent controls can be somewhat controversial. What is the economic rationale for a city to enact rent controls? What are a few unintended consequences of rent controls in large cities? Be specific.
q1. angie silva recently opened the sandal shop a store that specializes in fashionable sandals. angie has just
Calculate the expected value of an investment that has the following payoff frequency: a quarter of the time it will pay $2,000, half of the time it will pay $1,000 and the remaining time it will pay $0.
Suppose that firm 1 and firm 2 operate under conditions of constant average and marginal cost but that firm 1’s marginal cost is c1 = 10 and firm 2’s marginal cost c2 = 8. Market demand is Q = 500 − 20P. Supposee two firms practice Cournot competitio..
____ after WWII because Britain wanted to go the path towards more ____.
Also assume that the per unit cost of capital is $10. Since the firm has two units of capital, the firm's total fixed cost is $20. Also assume that the cost of each unit of labor is $50. What is the average total cost when two units of labor (L) a..
Last year the owner of an auto dealership changed her sales manager’s compensation plan. Previously, the manager received a fixed compensation. After the change, the manger’s compensation was based on a percentage of sales. Compared to last year, sal..
Sticky Stuff produes cases of taffy in a monopolistically competitive market. The inverse demand curve for its product is P = 50 - Q, Where Q is in thousands of cases per year and P is dollars per case.
Assuming the economy is operating at equiilibrium, predict what happens to the equilibrium price level and quilibrium real GDP as a result. And explain why.
Select two countries and research their local economies. What is the human development ranking for each country? Are your findings about their local economies consistent with what you would expect based on the country's human development rankings?
The Interior Department recently announced that it will increase the entrance fees at Yellowstone National Park in order to increase park revenues. The Interior Department must believe that:
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