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Determine the present worth of a series of annual deposit of 1800 during years 5 through 14 and a series of withdrawals of 1900 through years 6 to 15. The interest rate is 3 percent.
No excel please. present worth formulas.
Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person. Which country can benefit?
Examine the key factors affecting the demand for and the supply of a good or service
suppose a consumer prefers a sandwich with 2 slices of bread and 2 slices of ham. Assume that price per slice of bread is .10 and per Ham is .25. The consumers budget for lunch is 3.50. Write the budget constraint and show a few indifference curves.
assume that the yearly capital cost is 10% of the total investment. Elucidate at what production quantity ?these two investment are opportunities.
Good exterior home maintenance leads to higher property values throughout a neighborhood. Of course, the gains in property values must be balanced against the opportunity cost of time for those who do the maintenance. The information below applies to..
Which is a tax on profits generated from mining of iron ore and coal.
Kyle and Jeremiah own firms that produce winter mittens. Suppose the firm’s production function is given by Q =10 or L is the number of workers hired by the firm. It can be shown that the marginal product of labor is then MPL = Assume that in the abs..
You had chosen to take a trip during spring break if you had not gone you would either work a temporary job or studied for exams the opportunity cost of your trip.
Explain why does MySpace attract so many visitors. Why does MySpace attract so many visitors.
The inverse demand for health care services is P = 500 - 40 Q where P is the price and Q the quantity of health care. The price of services is $100 but insurance covers 80% of it. What is the efficient quantity of health care? What is the DWL when pe..
The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of hamburgers is $7 each. Complete the following table by indicating whether each of the statements is an example of a price ce..
Consider a country that produces shirts and autos. Shirts are produced with sewing machines (specific factor) and labor while autos are produced using robots (specific factor) and labor. Labor is mobile between industries. The country is initially..
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