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You have a credit card that charges 18% per year interest or 1.5% per month. Interest is charged at the beginning of the month. You buy a TV for $1500 on the credit card, but at the end of the month you only pay $100. You continue to pay $100 the next month. You pay the entire balance in the third month.
How much did you pay the third month?
How much total interest did you pay over the three months?
You need both equations and clearly labeled graphs (separate graphs for each question) to answer the following questions. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. How much will thi..
Illustrate what should the Fed do if it wants to stabilize aggregate demand.
Which groups of population in the US will benefit from a 10% tariff on Mexican made cars and which groups would lose out? Will preventing imports create jobs? Why or Why not?
Write a 700- to 1,050-word informal paper using Microsoft® Word in which you address the following:
As the price level rises
What is the purpose of having different types of procedures (e.g. pleadings, motions, and discovery) in litigation? Are some procedures more important than others? Do all these procedures just create an atmosphere of gamesmanship in litigation? Do th..
The aggregate demand function for donuts is given by D(P) = (131/2) - (p/2) and the aggregate supply function is given by S(P) = (p/7) - (5/7). Suppose that the market for donuts is perfectly comeptitive. What are the equilibrium price and quantity? ..
Republican presidential candidate Donald Trump is a multi-billionaire who claims that, if elected, he would run the country like a business firm. Using the economics of the firm, explain why this may not be so
Alice’s preferences are represented by the utility function U(x, y) = x/ y if y > 0 and U(x, y) = 0 if y = 0. Draw a couple of her indifference curves, describing precisely your procedure, showing whether or not she • prefers more of each good to les..
Computer Colleagues, Inc., wants its name on the computer engineering building planned for the campus.
Can you identify the consequences of a strong dollar or a weak dollar in the United States? Which direction do you prefer for the overall health of the American economy should the U.S. take measure to ensure that the dollar retains its dominant role ..
Define strategy and business-level. What is the difference between these two concepts? What is market commonality? What is resource similarity?
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