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Find the present value of the ordinary annuity. Payments of $100 made monthly for 20 years at 5% compounded monthly. Need to show work please and need response within 20 minutes.
Johnny is an impoverished college student who works at a bakery full time while attending school. After spending money on rent, tuition, and books, he only has $80/month left over to spend on food. The good thing about his job is that he gets to take..
A monopolist estimated that the own-price elasticity of demand for its product is -4.5 and its advertising elasticity of demand is 1.5. Assuming these elasticities are constant, what fraction of the firm's revenues should the firm "reinvest" in adver..
Why do so many members of Congress believe that the federal government should subsidize local projects, such as improvements in bus or subway systems in major cities?
Phillip Haynes is the controller of a company that has the sole authority to manufacture your product. The inverse market demand curve is P=900-1.5Q. Your total cost equation is C(Q)=2Q+Q2. What is the output you should produce, the price you should ..
Hypothetical cost and revenue curves for a computer producer. Illustrate at what price will the monopolist sell each computer.
What is an absolute advantage? What is a comparative advantage? Give an example where you have an absolute but not a comparative advantage
In recent years, there have been news reports that toys made in China are unsafe. When those news reports show up on CNN and Fox News, what probably happens to the demand for toys made in China? What probaly happens to the equilibrium price and quant..
Which of the following are actually included in GDP and/or NI? If not counted, explain whether it should be, or simply cannot be. If it is counted, explain what kind of spending and/or what kind of income it is. a) Social security payments rece..
Chris works at student services proctoring exams. This is Chris’ only source of income. Chris is paid $10 per hour. Chris is allowed to choose how many hours per week she works, as long as it is between 0 and 15. Graph, on a well labeled graph, Chris..
International trade in services is determined by what factors? Although tariffs may improve the welfare of a single nation, the world's welfare may decline. Under what conditions would this be true? Concerning international dumping, distinguish betwe..
Arnett is appearing for a new Web portal to utilize to access information which interests him on Internet.
Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abated in total. The two firms face the following abatement costs: Determin..
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