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You borrow $5,000 at 14% per year and will pay off the loan in three equal annual payments with the first occurring at the end of the fourth year after the loan is made. The three equal annual payments will be $3,190.74. Which of the following is true for your first payment at the end of year 4?
Sales promotions are expensive to administer and can be fraught with legal complications. Sales promotions yield their most positive results when carefully integrated with the overall advertising plan. Identify which of the sales promotion techniques..
Use the demand curve Qd x = 20 − 2px to complete the table below. Price of x Quantity |EQx,Px | Total Revenue 0 1 2 3 4 5 6 7 8 9 10 a. Solve for the marginal revenue curve that corresponds to the demand curve. At what quantity is MR = 0? b. On a dia..
Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. Which one of those functions does it show? The event may have occurred in the p..
If an industry is a Cournot duopoly, what are the firm’s reaction functions? If an industry is a Cournot duopoly, what is the equilibrium price and output? What are the profits for each firm? Illustrate the firm’s pricing and output decision in a gra..
Comment on the results. Why is OLS not the appropriate estimation strategy in this circumstance?
There is a firm with technology that can be described by the production function y = 4z1^1/2 + 2z2^1/2 with output price p = 6 and input prices w1 = 2 and w2 = 6. Now assume that the firm is making long-run decisions and can choose input 1 (z1) and i..
suppose that the other firm holds its rate of output constant, solve for the optimal output of each firm. What is the total profits of the two firms.
Consider the long-run implications of the price changes from part (b). In the long run, do expect to use more or less labour, relative to part (a)? Do you expec
State an appropriate null hypothesis.
What steps are involved in developing and testing an economic theory or model?
A firm in a purely competitive industry is currently producing1,000 unit per day at a total cost of $450. If the firm produce 800 units per days, its total cost would be $300, and if it produce 500 units per day, its total cost would be $275. What ar..
Choose any product/service of your choice and discuss you understanding of demand, supply, equilibrium
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