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A delivery van can be insured for a net annual premium of £861.64.
The net premium may be paid in 52 equal weekly installments, but then a charge of £1.10 is added to each installment.
(a) Calculate the amount of each installment.
(b) Calculate the annual cost of the extra charge and express it as a percentage of the net annual premium.
The van owner receives a no claims discount of 45% of the gross annual premium.
(c) Calculate the gross annual premium.
The van owner finds an Irish insurer who offers to insure the van for a weekly installment of €23.
(d) Given an exchange rate of €1.35 = £1, convert this installment into pounds, and advise the van owner.
For each level of output, calculate this manufacturer's marginal cost (MC) (For convenience, place the Marginal Cost between 0 and 1 boat on the second row, the Marginal Cost between 1 and 2 boats on the third row, and so on)
A shift outward in the demand curve always results in an increase in total spending (price times quantity) in a good. On the other hand, a shift outward in the supply curve may increase or decrease total spending." Explain?
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The Optimal Scam Corporation would like to see its sales grow at 20% for the foreseeable future. Its financial statements for the current year are presented below.
Working on your Portfolio assignment through researching and selecting an article for your analysis. Appropriate articles are those that:
Using your own words, define market imperfections. To support your definition, include at least two examples. Do not include the examples from the book create your own examples.
Address whether any of these are a factor when looking at the future exchange rate among the United States and Egypt.
Why is the Gross Domestic Product important to policy makers and the ordinary civilian?
What would need to be added to the basic supply and demand model to accurately predict what people do whenthey aren't sure if the store will have the goods they wantin stock. What should the shortage of Eggo Waffles do to the demand forother brands..
All of the following would cause the aggregate demand curve to shift EXCEPT a) improving levels of prosperity in other countries. b) a decrease in the price level. c) a deterioration of overall consumer confidence. d) an improvement in overall con..
Assume the price level is fixed in the short run so that the economy does not reach a general equilibrium immediately after a change in the economy. For each of the changes what are the short-run effects on the real interest rate and output
question 1in a market demand for a consumer product is qd 70 - p. in this industry firms total cost is tcq 300
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