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Ima Spender owes $1,000 on her credit card. The credit card company charges 21% annual interest and requires a minimum monthly payment of $19.99. a) If Ima pays the minimum payment each month and no additional purchases are made, how long will it be until she pays off her credit card? (Do not interpolate the tables; use the nearest figure given.) b) How much is she actually paying the credit card company, including interest, when her credit card is paid off?
For the product is charging the most favorable price
Ignore the time value of money and compute the optimal pricing scheme of the iphone, Suppose that there are equal numbers of each customer type, and that the MC of the iphone is $100.
It is a common belief that social security benefits will run out in the near future. How can we save social security?
Illustrate what was the marginal cost of the 251st unit of output.
Draw a set of indifference curves that would make it optimal for him to work 4 hours of overtime each day.
Some, like Santander, have quietly expanded into or business lines; its consumer-credit division is Europe's biggest car financier. What is next.
how long would it take to pay back the investment for the required expansion? b. If sales are expected to increase at a rate of 15% per year, how long will it take to pay back the expansion?
How large is the bias in the CPI due to not immediately incorporating new goods.
Calculate the cost elasticity of demand as well as for paint as well as show your calculations.
The function for the net exports is NX=200-100e, where e, is the exchange rate, and the exchange rate is initially 1.0.
Describe the changes in the model parameter(s) and resulting changes if any in the hiring decisions of the three types of firms.
Elucidate what is meant by "double coincidence of wants, and why it poses an impediment to efficient trade in a barter economy.
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