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A father wants to set up a bank account that will pay his daughter $18,000 at the end-of-quarter (EOQ4) and $32,000 at EOQ 8. He will fund this account by making quarterly payments of $X from the present (time zero) through EOQ 7.
a) Draw a cash-flow diagram from the father's viewpoint.
b) If the quarterly percentage rate is 2%, What is the value $X that must be deposited into the account?
Using the Production function defined in (1) derive how much it would cost the firm to produce a particular level of production y. That is, find the cost function C(w, y). The video defines the Marginal Cost function of the firm (MC(w,y)) as how much..
The biggest difference between Microsoft and software retailers is the market structure in which they operate.
q1. suppose a consumer has an income of 500 and faces prices px5 and pz10. write the equation for the budget
Bill Katz prefers less of good 1 to more and he prefers more of good 2 to less. Bill has strictly convex preferences (i.e. mixtures of bundles are preferred to the bundles themselves). Would the slope of the indifference curve be increasing (convex) ..
The average revenue for product Q is given by AR = 120 – 3Q and the total cost of Q by: Find the price function and then the TR function. See Assignment 3 or 4 for an example. What total profit will result from selling the quantity found in (c) at th..
Discuss the Institutionalise s theory of production and distribution. Note: a discussion of the Veblen an dichotomy, and how it fits into the theory of production and distribution should be included in your answer.
Comment on the following statement: “The free market allows hospitals to enter markets too easily; and regulators can potentially improve social well-being by restricting entry.”
Discuss the five reasons that Crooks outlines in the article and finish your post by offering your opinion of whether The Economist's viewpoint or with The Industrialist's viewpoint is more agreeable.
Suppose that you test the Linder hypothesis by comparing Germany’s absolute difference in per capita income from each of its trading partners with the size of Germany’s total trade with each respective partner. You find a strongly negative correlatio..
The price elasticity of demand for gasoline as a product is generally estimated to fall in the very elastic range particularly in a short time period. Is this likely to be true for gasoline purchased at an individual station. Explain
The process engineer at Strow bridge Metal works has the choice of machining a particular part on either of two machines. Orders for this part re received regularly, but the order size varies. When the order is processed on machine A, four sequential..
Are unions good or bad for economy. How do unions at GM and Ford affect employment levels and wages How do unions affect or industries in terms of employment and wage levels.
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