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You purchase a new house for $200,000 with a 5% down payment. You obtain a 30-year loan at 5% compounded monthly and will make monthly payments on the loan. Closing costs are $1,500. PMI is $150 per month for the first 5 years. Taxes are estimated to be $1,800 per year. Insurance will be $1,500 per year.
What is your monthly payment for the first 5 years?
What determined movements of gold between countries under the gold standard, and why? Under the gold standard "rules of the game" would such movements be likely to consume until a country's gold stock was depleted? Why or why not?
Identify the market structure that best matches the competitive qualities found in the market where these products are made and sold. Explain your answer.
The short-run production function is specified as follows: Q=F(K,L) but in reality they should be specified as: Q=F(K,L). Discuss and reconcile the abore specification?
If all firms, existing and potential new entrants face decreasing industry costs in the long run under perfect competition, the industry supply curve will:
Home Country: Given that the total market of the Home country is 900,000 units. Given the equations and parameter values above, solve for the equilibrium number of automobile companies, the number of cars each firm will produce, and the price of the ..
The review should consist of a summary of the main arguments of the article also an evaluation of the strengths also weaknesses of the article.
If the returns of the risky portfolio are normally distributed, what is the probability of returns being less than 29%.
A firm's production function is qi = .2*Ki.2Li.4. The wage rate in this area is w = $15, and the cost of capital is r = .05. Find the firm's short run cost function, if Ki is fixed at $100,000. If the good is exported around the world at a price of $..
A profit maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the firm’s total weekly output from 110 units to 111 units and caused the firm’s weekly revenues to rise from $25,000 to $25,750..
Under very high rates of inflation, why would people prefer to use a barter system to buy goods, rather than use paper money.
Describe when you have experienced diminishing marginal utility. Also discuss opportunity costs you have had to pay in order to attend school
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
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