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Credit - Explain the benefits and drawbacks of having credit cards. What are the major credit reporting agencies in the U.S.? What is a FICO score? Explain how your credit may impact your financial future and what is the best way to use credit cards.
q.auto company comprises small plant that produces speedometers exclusively. its yearly fixed expenses are 30000 and
Using diagrams show what changes in price and quantity would be expected in the following markets under the scenarios given: Crude oil: As petroleum reserves decrease, it becomes more difficult to find and recover crude oil. Hotel rooms in Hawaii: Wo..
In pure competition when the market price of the product is initially higher than the minimum average cost of the firms, then:
Assume that the following data characterize the hypothetical economy of Trance: money supply = $190 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, incr..
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. What are the..
The business model for JPMorgan Chase was change in 2008. Could the upside of the strategy have been achieved without exposing JPMorgan Chase the bank?
Suppose demand for a product Q = 1,200 - 4P and supply is Q = -200 +2P. Furthermore, suppose that the marginal external damage of this product is $8 per unit. How many more units of this product will the free market produce than is socially optimal? ..
Show that the balance sheet balances if these are the only assets and liabilities.
Use the AD/AS model to explain and show the current economic situation. Then suggest a fiscal approach to solve the current economic situation without adding any more debt. The current MPC = .80.
If annual payments of $12,000 are assumed with an interest rate of 12.68% per year, what initial principal will be repaid? Why do these differ?
Suppose you are a manager of a watch making firm operating in a competitive market. Your cose of production is given by C = 100 + Q2, where Q is the level of output and C is the total cost. The marginal cost is 2Q. The marginal cost of production is ..
What are the Fed's tools of monetary control? Which one is the primary tool? How is it implemented? Which tool does it NOT like use? why? Which tool acts as a signal of changes in MP? How did it stabilize markets in the 2009 crisis? Did it do a good ..
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