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In 2007, Barbara uses the products method to check her bank balance. She calculates that she is receiving interest at the rate of approximately 0.00753% per day.
(a) Basing your calculation on simple interest and giving your answer correct to four significant figures, calculate the annual rate of rate of interest paid to Barbara.
(b) State your answer in (a) rounded to three significant figures.
(c) Giving reasons, state which of the two answers is likely to be more accurate.
Where q is the number of hours of music he plays, and y is his consumption of all other goods. Each hour of music he plays costs him $2 in electricity, but his income is large enough that he could always afford to play music 10 hours a day if he so w..
Illustrate what does this have on the monetary base, the money supply, total deposits, and economic growth.
Calculate the marginal revenue product for each add. unit of labor of output sell $3
Economic and political system in which factors of production are collectively owned and directed by the state; theoretically classless society where everyone works collectively for the common good is generally referred to as?
What are the major economic challenges faced by the United States today? How successful has the government been in addressing these challenges and what type of policies in your opinion are most effective and why?
Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have the firm's AFC (average fixed cost), AVC (average variable cost), ATC (average tota..
What do you know about focused Linux distributions? If nothing, what can you find out by searching the Web? By "focused" we mean distributions that exist primarily for a specific purpose or set of tasks (e.g. security, penetration testing, backup,..
For example, in the United States, less than 20 percent of spending on prescription drugs was covered by health insurance in 1970. This share increased to near three-quarters by 1998. What factors account for this
Use the data in the PPT provided to write a paper on regression analysis. The regession is on determining poverty levels in sub saharan africa, and is split between the two.
Local government in a west Coast college town is concerned about recent explosion in apartment rental rates for students and other low income renters.
Describe how the budget constraint of a household in a two-period model is affected by each of the following changes. In Each Case, do you think the household is better off, or worse off, or is it ambiguous If ambiguous.
Derive the equation for output per effective worker y = Y/EN = f(k), where k equals the amount of capital per effective worker. or calculate the steady state levels for each.
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