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You are offered two loans. The first loan has an APR of 4% and a principal of $25,000, and the second loan has an APR of 3% and a principal of $30,000. Which loan will have the lowest interest charged in the first year? Explain.
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
The human resource manager of the XYZ Company makes the following claim: “Our workers make an average of $500 per week. We produce $6000 worth of output each week using only 10 workers. That averages out to $600 per worker per week. We should therefo..
Construct the bank's balance sheet also calculate the bank's net worth-there is a missing piece of information on the right-side that ou need to fill-in so that both sides of the T-account add up to each other
If one chooses to take on debt, they can do it by loans that have (1) annual payments on the principal of the loan (2) interest payments each year with principal paid at the end or (3) no interest payments until the end when interest and principal is..
Suppose that for years East Confetti's short-run Phillips Curve was such that each 1 percentage point increase in its unemployment rate was associated
During the flu season, the probability that someone is sick is 0.3. What is the probability that there are 2 or 3 persons who are sick out of 6 randomly chosen
What is enzymic browning and how does it affect the quality of a food item?
Is this argument valid if drug companies maximize profit?
Jane loves to spend her free time making jewelry. Her favorite two pieces of jewelry to make are necklaces and bracelets. It takes Jane 1 hour to make a necklace and 45 minutes to make a bracelet. Assume that she has more than enough supplies to last..
Predicting Suppose a nation has a great deal of human capital but few natural resources. In what kinds of products might the nation specialize?
When a country’s nominal exchange rate appreciate, the price of A. that country’s goods abroad increases. B. That country’s goods abroad decreases. C. foreign goods sold in the country increases. D. That country’s goods produced and sold at home incr..
Companies often try to keep accounting earnings growing at a relatively steady pace, thereby avoiding large swings in earnings from period to period. They also try to meet earnings targets. To do so, they use a variety of tactics. The simplest way to..
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