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A leading firm in artificial limbs wants to establish an endowed chair in biomedical engineering at Research University. The annual cost of the chair is $150,000. If the endowment will be invested at 5%, how large must the endowment be?
Bank is willing to let business have an intermediate-term loan of $50,000 for five years at an interest rate of 6.5 percent. Estimate monthly payment and elucidate where taking this loan is a smart business decision.
Assume the demand function for good x can be written as Qd = 80 - 3Px + 2PY + IOI, where Px is the price of x, py is the price of good y, and I = consumer income. According to this equation; 1. Because the coefficient on the px is negative, x is an i..
If “the” multiplier is 6, the income multiplier with respect to the money supply is 4, and the money multiplier is 5, then which of the following policies increase income by $50 billion dollars?
Use an isocost-isoquant diagram to explain how a rm determines the least cost combination of labor and capital to produce a given level of output. What is true of the marginal product per dollar at the least cost combination of capital and labor? Why..
Assume that the following data are known for a mechanical part under design: Load Stress is Normally distributed with ?s=15,000 psi and ?s=4,000 psi Strength of part is also normally distributed with ?ST=30,000 psi and ?ST=3,000 psi What is the safet..
If a monopolist increases quantity by one unit, but sells the increased output at a slightly lower price, A. marginal revenue is affected by adding one additional unit sold at the new price. B. all the previous units, which used to sell at a higher p..
A market is characterized by a demand curve that can be expressed as P = 3000 – 10 Q. Each of the two identical firms currently serving the market has a total cost function of the form C = 250 q. There are no fixed costs. If the 2 duopolists behave a..
Assume that the economy is initially in the steady state. Starting today the government implements a pay-as-you-go tax/transfer program whereby young people pay 2 units of goods to the government in each period to finance a payment of 2 units of good..
Assume the MPC is 0.90. If the government increases spending by $400 billion and increases taxes by $400 billion simultaneously, then aggregate demand will: Aggregate demand shifts to the left when: A rightward shift in the aggregate supply curve sho..
A manufacturing company invests $100,000 in a new piece of equipment. Operating expenses for this new piece of equipment is estimated to be $4,000 starting EOY1 and increasing by $200 per year at the EOY2 and for the next 9 additional years. What is ..
Explain why the development of a strong central national government was so important after the civil war and deemed so necessary for the development of the nation. Cite reasons and results
Which demand curve would best represent a monopolistic competitor? If demand curve D2 represents a monopolistic competitor and demand curve D1 represents a perfect competitor, then. If demand curve D2 represents a monopolistic competitor and demand ..
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