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Mr Ngoe valued his car at £10,500 and insured it for a net annual premium of £855, which includes a no claims discount of 55%.
(a) Calculate the gross annual premium.
He pays the net annual premium in 12 equal monthly installments, and this means that he pays an additional charge. This increases the total amount he pays by monthly installments to £900.
Calculate
(i) the amount of each monthly installment
(ii) the additional charge per annum of paying by monthly installments
(iii) the additional charge as a percentage of the net annual premium.
a firms profit ?q is the difference between its revenue rq and costs cq..a what condition holds when the firm is
Estimate the own-price elasticity for good X, the cross-price elasticity for goods X and R, and the income elasticity for good X and what would we expect to happen to quantity demanded
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The spirit of equating marginal cost with marginal revenue is not held by perfectly competitive firms oligopolistic firms or else.
Illustrtae what should the arbitrageur do. Suppose that the cost of storing gold is zero and that gold provides no income.
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Informed decision-making is an important aspect for working in the government. According to Milakovich and Gordon, provide some examples of how information technology can be used to assist bureaucrats in decision-making
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The opportunity price of an investment is the real rate of interest, and that's why investment demand depends on the the real interest rate.
Suppose the government decides to decrease spending and increase taxes in an attempt to decrease its deficit. Is it possible for the Fed to ease the macroeconomic effects of the spending and tax changes? Explain
a. How would an economist explain the decline of the Alaska king crab fishery? b. Explain two programs you could institute to protect the fishery and still allow some crabbing again.
Which of the following measures of the money supply is currency included in - If the growth rate of the money supply is 8%, the growth rate of the velocity of money is 4% and inflation is 6%, what is the Solow growth rate?
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