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Jim wants to buy some electronic equipment for $1,106. Jim has decided to save a uniform amount at the end of each month so that he will have the required $1,106 at the end of one year. The local credit union pays 1/2% interest per month. How much does Jim have to deposit each month?
Provide one quote and its context for both a positive and normative statement. Evaluate the statement choices of your fellow students.
Suppose the income tax rate is 10 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on all income above $70,000. Family A has income of $82,000 while Family B ..
The opportunity cost of holding assets as money suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the $10,000 in a non-interest-bearing account so that you can use it whenever you want (that is, hold it as ..
The premium for a March 2016 1285 gold futures call option is 23.oo/oz when the march 2016 gold futures market price is 1299.00/oz the options intrinsic value ? and its time value ?
Boeing and these firms make decisions and pay their workers, investors, and raw material suppliers to influence what, how, and for whom goods and services are produced. All these decisions are made in self-interest, and produce an airplane at the ..
Suppose that there are two markets, given by the following demand curves, q1(p1) and q2(p2); and a monopolist with cost function c(q1, q2). Solve for the first-order conditions to characterize the optimal solution when the monopolist serves both mark..
Should GDP take into account environmental issues, distributional issues also health also welfare issues.
A competitive firm has the following short-run cost function: c(y) = y3 - 8y2 + 30y + 5. What is the firm’s marginal cost function? What is the firm’s average cost function? Marginal cost equals average variable cost when output is ----.
An exogenous event has left the interest rate in a position above the LM curve. Describe the disequilibrium in the financial market. In which direction should you expect the interest rate to change?
What macro policy tools would you use or favor in order to improve economic growth, reduce unemployment, and avoid price inflation right now in 2015 in the US?
Suppose your nominal income rose by 6.3 percent and the price level rose by 3.8 percent in some year. By what percentage would your real income (approximately) increase? percent. If your nominal income rose by 3.8 percent and your real income rose b..
Which one is more effective comparing with the tools of fiscal policy?
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