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Suppose that an investor needs 15,000 at the end of seven years from today. However, he can only invest $1000 per year from year 1 to year 4 (investments take place at the end of each year). How much does the investor need to invest each year from year 5 to year 7 to achieve his objective? Assume that the interest rate is 10%, compounded annually.
What is one possible factor that will cause long run aggregate supply to shift to the right?
Joseph is granted $50 a week to spend: either on energy drinks at $2.50 each or on gasoline for his car at $4.00 per gallon. Draw Joseph's opportunity set. Label his feasible set. what is the trade-off (opportunity cost) of energy drinks in terms of ..
Northern Shelters manufactures homes, cabins, workshops, and garages. The prebuilt walls, floors, and roofs are assembled on-site. Each year
A die is rolled four times. What is the probability that the sum of four numbers equals 13?
q.assume which at current factor cost s cloth is produced using 40 hours of labor for each acre of land and food is
The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university).
A perfectly competitive firm maximizes profits or minimizes losses in the short run by producing at the output level at which: Without a_________________________ of pricing , managers won't realize goals of firm.
Suppose the government increases lump sum taxes.
Find the equilibrium price and quantity. If the current price of the good is $100, what is the quantity demanded? What is the quantity supplied? How would you describe this situation? Equilibrium? Shortage? Or Surplus? What would you expect to happen..
Jason has long wanted to drive as an independent trucker, but the rental price for the truck Jason wanted is $6,000 per month and that was more than he could afford. For his 30th birthday, Jason’s father bought Jason the truck as a gift. What are Ja..
The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year. Suppose the growth rate of the economy is 2%. The size of the economy roughly doubles every. Economic growth is important to un..
Briefly discuss what consumer and business confidence in the economy typically reflects and provide examples. Contrast the effects of high consumer and business confidence with low levels of the same. Briefly explain how a rise in confidence will be ..
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