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Annie White graduated from coollege with a student-loan debt of 32000. The interest rate on this debt is 0.5%per month. if monthly payment on this loan are$618.65, how many months will it take for Annie to repay the entire loan?
As part of the rehabilitation of the downtown area of a southern U.S. city, the Parks and Recreation Department is planning to develop the space below several overpasses into basketball, handball, miniature golf, and tennis courts. The initial cost i..
q1. analyze the potential downfalls of any effort e.g. free riders and make at least one recommendation for minimizing
Policy analysts in the Department of Natural Resources have estimated that the marginal benefits from water pollution abatement are given by the function MB ¼ 0.90 À 0.03A, where A is a measure of the abatement intensity. Industry experts have estima..
Under the EU merger regulations, preapproval is not needed under which of the following conditions?
Calculate the marginal product of inputs x1, and x2. What is the ratio fo x1 to x2 required to produce the output in the cheapest way possible?
Social Security has revenues of $1.8 trillion and expenditures of $1.3 trillion. The nonsocial Security budget has revenue of $2.1 trillion and expenditures of $2.4 trillion. The official budget will report a _______________ (deficit/surplus) of $___..
In the northeast US and in eastern Canada, many citizens heat their homes with heating oil. Suppose you are one of these people, and you are expecting a cold winter, so you are considering your heating oil requirements for the season.
Define the four basic types of trade barriers. Who gains and who loses from a protective tariff? Explain. Identify the four major tools of monetary policy. Describe how a change in the Fed’s major policy tools leads to [1] expansionary and [2] restri..
Explain the difference between absolute and comparative advantage. Explain the law of increasing (opportunity cost). What causes cause to increase? What factors or events could cause an inward shift of the production possibilities curve?
What must the jackpot be before the expected payoff is worth your $1 Bet? Assume that the state takes 60% of the jackpot in taxes, that no one else is a winner, and you are risk-neutral
Process alpha / process beta labour 625/ 250 capital ... Question process alpha / process beta labour 625/ 250 capital 45/125 A firm plans to produce 500 units per day of good Z. The firm’s production engineer finds two technically efficient processe..
The firm must pay a fi xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate what is the smallest integer price that would make a firm willing to produce a positive amount.
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