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Katerina Unger wants to purchase a set of furniture worth $3,000. She plans to finance the furniture for 2 years. The interest rate is only 1% per month and her monthly payment is $156.04. a)What is the annual effective interest rate that Katerina is paying for her loan transaction? What is the nominal interest (annual percentage rate) for the loan? b) Katerina bought the furniture and made 12 monthly payments. Now she wants to pay off the remaining installments in one lump sum (at the end of 12 months). How much does she owe the furniture store?
Explain how does monopolistic competition differ from a) pure competition; b) pure monopoly; c) oligopoly? Explain fully what product differentiation entails.
Calculate the arc price elasticity of demand for wheat in the two situations below: Can you explain/account for the difference, if any, in the two elasticities?
Which of following statements is true of a monopoly firm. Drug companies are engaging in price discrimination, but this might improve global social welfare if it gives more people access to drugs
Illustrate what is standard inconsistent cost. Illustrate what is the marginal cost.
Explicate why one of them brings positive effects to the economy also the other negative effects.
Under the first plan he pays $0.25 per minute of connect time. Under the second plan, he pays a lump sum of $30 per month and only $0.10 per minute of connect time. Determine David's optimal consumption bundle and his choice between the two plans.
A few years ago, a construction manager earning $70,000/ year working for a regional home builder decided to open his own home building company.
Explain how would you extend the above narrative to businesses, society as a whole or nations.
Illustrate what would be the most optimal number of spaces, and Illustrate what are these corresponding prices.
An Onyx Corporation design also manufactures a broad range of fluid handling also industrial products.
Explain how does the capital/financial account differ from the current account. Give examples of what is included in each.
Illustrate what would neoclassical economists and new dissidents have to say about former Bush Administration's efforts to push forth a Free Trade of Americas with our South American, Central American and North American neighbours.
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