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1.) Determine the present worth of an annual payment of P2500.00 at the end of each year for 12 years at 8% compounded annually.
2.) An employee obtained a loan of P10,000 at the rate of 6% compounded annually in order to repair a house. How much must he pay monthly to amortize the loan within a period of ten years?
Calculate the profit maximizing labor demand and the resulting wage paid for the monopsonistic firm. Calculate the welfare loss compared to the competitive outcome.
Illustrate distinguish between the functional distribution and personal distribution of income.
Explain why study pure competition if actual purely competitive markets do not exist? What can we learn from highly competitive markets. Briefly discuss.
In the 1980s, Progressive was a small auto insurance company that sold most of its policies to people who had poor driving records and could not qualify for the standard rate policies sold by other insurers. Progressive charged higher premiums for th..
Define optimistic, most likelys, and pestimistic scenarios buy using both optimistic, both most likely and both pestimistic estimates. Use a life of 4 years as the most likey value. What is the present worth for each scenario
q. 1. patent systems can be worthwhile if induced innovations are important also if the rewards from patents speed them
Assume that Lexar and Corsair act as perfectly competitive firms and that Chinesegoods flow freely into the United States. Draw the aggregate (e.g. including all firms)supply curve for this industry in the space below. What is the market clearing ..
Do you think the Fed's recent changes to explicitly tie the next policy moves to the unemployment rate and forecasts of future inflation is a move towards
At the start of the COVID-19 Pandemic, shortages of essential supplies occurred all over the country for items like face masks, gloves, hand sanitizer, soap, pa
Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. What is the price level? What is the velocity of money?
After a long career an engineer retires with $1.4 million in a retirement account. The engineer spends $94,000 per year from this account in retirement and the account earns 3% interest per year. How many years will the retirement account last? Expre..
How has the evolution of cell phones changed the levels of communication dramatically.?
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