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Q1. A father, on the day his son is born, wishes to determine what lump sum amount would have to be paid into an account bearing interest of 5% per year to provide withdrawals of P 20,000 on each of the son's 18th, 19th, 20th, as well as 21st birthdays.
Q2. Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest involves $30 per acre for seed, $80 per acre for fertilizer, as well as $70 per acre for equipment rentals as well as labor. With these inputs, the land will yield 40 bushels of wheat per acre. If the cost at which wheat can be sold is $5 per bushel as well as if farmers want to earn a normal profit of $10 per acre, what is the most that any farmer would pay to rent your 10 acres? $ What if the cost of wheat rose to $6 per bushel.
Consider decision making process used by consumers as they budget their money to maximize use of their resources.
Explain why monopolistically competitive firms frequently prefer nonprice competition to price competition.
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
Repeat these calculations for the third, fourth, and fifth years, assuming that the Government taxes at a rate each year and has noninterest expenditures annually.
Give a detailed explanation about how the engineer's income generation as described above affects GDP and GNP of U.S.
Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
the mainstream theory of the business cycle, is the most common source of reciession: a decrease in aggregate demand, a decrease in aggregate supply, or both.
A firm with a U-shaped average cost curve finds that its costs exceed its revenues when it sets price equal to marginal cost.
All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and household saving is $2.2 trillion, what is the quantity of funds demanded at an interest rate of 7 percent..
Organize the above data into the appropriate categories for the current as well as capital accounts determine the current account balance, the capital account balance, as well as the official settlements account balance.
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