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You are requested to construct a model to predict the effect on the economy of the discovery of new oil reserves. How would you model the discovery? Discuss the number of goods that should be included in the model.
Autie Frannie wants to help pay for her twin nephews to attend a private school. She intends to send a cheque for $2,000 at the end of each of the next eight years to apply to the cost of schooling. a) If general price inflation, as well as tuiti..
The Price of Tattoos. According to a market expert, tattooing in your city is a constant-cost industry. The initial equilibrium price is $24.
You may need to play around with the numbers to make this work out.
The first payment is due one year from today. The government plans to invest the funds until the final payment is collected and then donate the entire amount, including investment earnings, to a national health center.
a construction firm needs a new small loader. it can be leased from the dealer for 3 years for $5500 per year including all maintenance, OR it can be purchased for $20,000. The firm expects the loader to have a salvage value of $7,000 after 7 year..
John Smith bought a house for $100,000 two years ago. The down payment was $20,000 and the remainder was financed at 6%interest ratefor 15 years. The annual inflation rate for the past 2 years has been 2% and it is anticipated.
Is this car free because the winner pays zero for it?
Suppose customers believe that the good they are buying is of high quality with a probability of p, and of low quality with probability 1 - p. A high quality good is valued at vH and costs cH to produce, while a low quality good is valued at vL an..
Describe how a car rental agency would calculate the price at which it rents cars, and relate your description to the equation for rental cost given in the text.
Assume that the price index is one hundred and a typical basket of goods and services cost $8. Within the basket, you had four hamburgers and 3 hot dogs.
Based on the transition matrix for ECB, which positions are experiencing a labor surplus or a labor shortage?
Using year 1 prices, what is real GDP in year 2? What is the growth rate of real GDP?
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