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Precision Instruments, Inc. manufactures high sensitivity mini accelerometers designed for modal analysis testing. The company borrowed $10,000,000 with the understanding that it would make a $2,000,000 payment at the end of year 1 and then make equal annual payments in years 2 through 5 to pay off the loan. If the interest rate on the loan was 9% per year, how much was each payment in years 2 through 5?
What does Friedman mean when he says the Earth is becomming "hot, flat, and crowded?" Describe three of the key problems that Friedman identifies in the book and explin why they re important.
How do private commercial banks multiply the quantity of money placed in circulation by the Federal Reserve?
An intraocular lens manufacturing is in the qualification process of a polishing machine.
Professional sports players are generally paid much more than farmers, factory workers, engineers also teachers.
For a given level of inflation expectations, if the central bank increases the money supply growth rate, then in the short run
Plot (using a spreadsheet or other graphical tool) the following scenarios for per-capita GDP on a ratio scale. Assume that per capita GDP in the year 2000 is $10,000. Use the Rule of 70 to estimate the value of per capita GDP on the graph for the ye..
Consider a group of 10 friends who are considering going on a road trip (is that still a thing you kids do these days, or do you just sit around and look computers?). In determining whether or not to go, each friend considers both how much they would..
A monopolist with a straight line demand curve finds it can sell one unit at $7 each or seven units at $1 each. It's marginal cost is constant at $6 per unit. A monopolist would produce how many units? And charge? A perfect competitor would produce h..
explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost.
The efficient market hypothesis states that:
Problem: Consider a monopolist who has a constant marginal cost of MC = 20. Find the profit-maximizing quantity and price if the inverse demand curve is P = 620 - 25Q.
What are macroeconomic factors and are they useful for economic forecasting? What are economic indicators? Are any of them useful for forecasting economic growth?
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