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Suppose that $2700 is set aside each year and invested in a savings account that pays 10% intrest per year, compounded continuously.
a) Determine the accumulated savings in this account at the end of year 24
b) Suppose that an annuity will be withdrawn from savings that have accumulated at the end of year 24. The annuity will extend from the end of year 25 to the end of year 32. What is the value of this annuity if the interest rate and compounding frequency in part (a) do not change?
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
Illustrate what will happen to equilibrium price As a local cable company offers cheaper pay- per-view films, local movie theaters have more unfilled seats.
for each of the following describe some of the potential opportunity costsa. studying for your economics testb.
q.recently one of the nations largest consumer electronics retailers began a nationwide television advertising campaign
If it is easy for a firm to get into or exit from a market, then a firm in that market will be able to earn positive economic profits. When economic profit is positive,
Calculate the equilibrium level of income or real GDP for this economy. b. What happens to equilibrium Y if I changes to 10? What does this outcome reveal about the size of the multiplier?
Can you make a decision of what part of the business cycle the U.S. economy is currently in? Why? What factors lead you to this conclusion? You may want to do additional research of sources to reach a conclusion.
Can we say that the plant in country b is more efficient than the plant in country A? Discuss in terms of both technology and economic efficiency.
Explain why sharp decline in oil prices might not necessarily have positive or negative impact.
According to tournament theory: Pay gaps between job positions get larger at successively higher levels in the organizational hierarchy. High executive pay is due to moral hazard. People seeking the CEO’s job compete to acquire the right signal about..
Explain General Medical makes disposable syringes for hospitals and doctor supply companies. The company uses cost plus pricing and currently charges 150% of average variable costs.
The table below represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can be served with various combinations of labor and capital.
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