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Please show your working-A person borrows $200 from a payday loan company, and pays $10 interest for two weeks. This would result in an annual interest rate of approximately ___ percent. Ignore compounding.
Explain why this statement and the assumption that net receipts will be zero at an output where marginal revenue equals marginal costs are wrong.
Health economists use demand and supply theory to discuss the "Health Insurance Exchange" created by the Affordable Care Act (Obamacare). Mandated by law everyone now must have health insurance.
Getrude buys unit trusts and invests for growth.She bought 2,200 units at a price per unit of £69, plus an initial charge of 5%. Calculate the total cost of the units including initial charge.
A. Show diagrammatically and algebraically cases of unitary elasticity, as discussed in class. Connect these with pertinent examples involving products and services.
How many major wireless phone handset manufacturers are there? What is the market structure? What pricing strategies do wireless phone handset manufacturers use?
Characterize each of the following statements as true or false, and explain your answer.
What does the concept of "Ricardian equivalence" refer to? What are the conditions for the Ricardian equivalence to hold? Does it hold in practice?
Suppose the total liabilities are £560,000 the amount owed to unsecured creditors is £375,500, and an unsecured creditor who is owed £50,000 receives £18,000 the expenses of winding up the business are £4,500.
Why is market competition important? Is there a positive or negative impact on the economy when strong competitive pressures drive firms out of business? Why or why not?
What is described as the most efficient manner of evaluating fiscal growth?
Eluciadte the law of demand. Why does a demand curve slope downward. How is market demand curve derived from individual demand curves.
When calculating GDP, describe the significance of each component in the expenditure approach How does GNP differ from GDP Is GDP a reliable economic indicator to predict the changes in the business cycle
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