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A friend of yours just bought a new sports car with a $4,000 down payment, and her $25,000 car loan is financed at an interest rate of 0.25% per month for 48 months. After 2 years, the "Blue Book" value of her vehicle in the used-car marketplace is $11,000.
a. How much does your friend still owe on the car loan immediately after she makes her 24th payment?
b. Compare your answer in Part (a) to $11,000. This situation is called being "upside down." What can she do about it?
For a product, at a price of $3, quantity demanded is 60 units and at a price of $5 quantity demanded is 40 units. Using midpoint formula, calculate value of price elasticity of demand.
What are the economic and political arguments for regional economic integration? Given these arguments, why don't we see more integration in the world economy?
Using the World Bank classification of countries, select countries from the different categories and examine the data on output growth and education level. Is there a systematic relationship?
q.a mechanical engineer who recently graduated with a masters degree is contemplating starting his own commercial
What happens to price of a bond that pays a fixed percent of face value every year when interest rates in economy increase.
Suppose an economy that is initially at full employment faces a substantial fall in exports.
Elucidate why from an economic point of view towing a car illegally parked rather than just ticketing it provides a better incentive.
What if any difficulties do you think may be encountered in implementing the current policy being pursued by Fed Chairman Ben Bernanke to cope with one of the worst financial crises in the US since the Great depression?
q1. assume that the total cost of producing pizzas for the typical firm in a home town is given by cq 2q 2q2. thus
its marginal costs are below total average costs. If it creates an additional watch where its average total costs rise -fall or stay the same.
During the business cycle, we can expect supply side economic growth:
What difference did the Calvinist notion of predestination play such a critical role in the accumulation of capital in countries such as Switzerland, the Netherlands and Great Britain?
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