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You have a credit-card debt of $16,986 and the interest rate you are paying is 14%. You have been making the minimum monthly payment (assume that the minimum monthly payment is 1.8% of the remaining balance) and you are not continuing to make charges on the card. Approximately how long will it take you to pay off the debt?
Suppose nominal GDP in 1999 was $100 billion also in 2001 it was $260 billion. Illustrate what is the own-price elasticity of demand.
Find out the optimal price-quantity if the firm can price discriminate but cannot charge a two part tariff.
Illustrate what policies do governments adopt to redistribute income and how do those policies help the country's economic growth.
Elucidate how might firms "avoid" experiencing diseconomies of scale also illustrate what does the long-run average cost curve look like when diseconomies of scale exist?
Consider a hypothetical economy in which the marginal propensity to consume. Plot an economy consumption function.
Elucidate the entities affected by industrial regulation in terms of market structure. Explain why industrial regulation affects those entities you identified.
As per to Global Insight, a Massachusetts economics consultancy, elucidate what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
Clarifying resource demand as well as differs from those determinant product demand.
Assuming that the current production rates are maintained at the three congress plants, that unusual should management select.
Calculate Anthony his explicit cost for operating his consulting firm for a year?
Illustrate what would be effect of policy described in part (c) on economy's stability over business cycle.
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