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Define the terms 'virtual bank' and 'fintech' and describe four 'smart banking services' which virtual banks can offer to their customers.
Take the first, second, and cross derivative of F(K,N). Explain what the sign of each one means. Divide the function by N and show that the function can be written as F(K,N) = (KN)↵. Letting k = KN, express F(K,N) as a function of just k and let that..
What are the assumptions of the production possibilities curve? How would they be described?
Find the probability that the number who say cashews are their favorite nut is? (a) exactly? three, (b) at least? four, and? (c) at most two.
Assume that the price elasticity of demand is −.5 for a certain firm's product. If the firm decreases price, the firm's managers can expect total revenue to: Maximizing total benefits is never equivalent to maximizing net benefits. Maximizing total b..
If income elasticities are equal for all goods, then all Mashallian demand functions must be downward sloping.
Assuming these profits are realized at the end of each year, what is the present value of these? a. $325,816 b. $376,741 c. $400,000 d. $346,511
If the Government's expenditures were to increase by 50% what would be the resultant change in National income.
What is the annual equivalent cost of replacing the vehicle every 5 years? Assume your cost of capital is 5.1%. Enter your answer to the nearest cent.
How do these tools (payoff tables and game forms) help decision-makers to avoid incomplete thinking and over- inclusive thinking in their judgments?
Carefully explain the difference between the marginal rate of substitution and the marginal rate of transformation. Be sure to explain the economic meaning of each of these terms. What value does each of them take? (Answer should be in terms of margi..
Can firm losing money go out of business in the short run? If it can’t, explain why not. On what basis does a firm decide whether or not to shut down? On what basis does it decide whether or not to go out of business? If the perfect competitor is los..
What are the weight of equity, weight of debt, cost of equity, after tax cost of debt, Wacc.
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