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A college graduate is $24,000 in debt from her loans. The interest rate on the debt is 0.75% each month. The monthly payments are $432.61. How many moths will it take to pay off the debt?
In an essay of at least two well-developed paragraphs, explain how financial institutions affect businesses and households.
Why is off shoring inevitable in some jobs? What jobs are in danger? What jobs are insulated or protected from outsourcing? What can you do to protect your job from being outsourced?
Mr. Allen views nutella and soda as perfect complements. She always needs two tablespoons of nutella with one tablespoon of soda, U=min{J, 1/2N}. What will her optimal consumption bundle be if the price of soda is $0.25 and the price of nutella is $0..
Why does a nation experience increasing opportunity cost?
If all firms, existing and potential new entrants face decreasing industry costs in the long run under perfect competition, the industry supply curve will:
Conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.
Draw a diagram of the long-run equilibrium in a monopolistically competitive market. How is price related to average total cost? How is price related to marginal cost?
Assume that you borrow $15,000 for five years (annual payments) at a market rate of 5%. Assuming that inflation is 3.5%, what would the equivalent equal annual payment be in constant dollars?
Prepare a brief note to be sent to Henry explaining possible reasons why his strategy price cutting failed
If the government were to increase taxes on gasoline, what will happen to the total government revenue? Why? What are you assuming about the elasticity of the demand curve of gasoline? What is the formula for elasticity? Would the government make mor..
Please explain the difference between the transaction demand for money and the asset demand for money, and how they work together to determine the total demand for money. The slides and audio should help with this, as well as other sources of informa..
Please explain “opportunity cost” and give three examples from your own life. Please include and identify both “explicit” and “implicit” costs in your examples.
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