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You plan to borrow $2,000 in order to take a vacation and want to repay the loan in a year. The banker offers you the following two alternatives of repaying the loan. (1) a simple interest rate of 12% with repayments in equal instalments six months and twelve months from now. (2) an add-on interest rate of 12% with one payment at the end of the year. Which one would you prefer? Why?
Using two-stage least squares, estimate the demand equation in GRETL. Using two-stage least squares, estimate the supply equation in GRETL.
Calculate the coefficient of price elasticity (midpoints approach) for Goldsboro's supply.
Illustrate what is now the effect on gold consumption also mining of an increased utilize of gold as money.
Elucidate what would you recommend as a course of action, if any. For the industry you have chosen, discuss how price moves from today to the future.
You have been asked by your supervisor to evaluate a new proposal designed to cut costs. Under the plan, workers would be paid a fixed wage of $8 per hour.
Suppose that if you get contract, you estimate that you can win another project for two more units. Now what is your break-even price for those two units.
Do Bill Easterly and Jeff Sachs agree or disagree over the impact of imperialism and colonialism in the past on the situation in poor countries today? Be sure to explain both positions. Which position is more persuasive? Why? Explain.
A cost-effective policy is always socially efficient. Enforcement costs are critical to the success of environmental program and should be included in the overall social costs of the program when evaluating different policy options
Find out the equilibrium level of GDP. Next Find out the multiplier for government purchases also fixed taxes.
Discuss and contrast the features of the retirement plans offered by Creative Games and United Manufacturing. And then explain how you would use each of these plans in developing your own retirement program.
Explain briefly why TOTAL profit (profit from entire sales) is still likely to be lower with this pricing scheme than with perfect price discrimination, despite charging a fixed fee equal to the entire Consumer Surplus of a typical consumer?
Without free trade, Diamonique has market power as a local producer. Once free trade is implemented in the local economy, Diamonique is no longer able to raise its prices above competitive levels.
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