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Christine bought a BMW when she came to LA as a County Judge. The BMW was purchased by taking a loan that was to be paid off in 20 equal, quarterly payments. The interest rate on the loan was 12% per year with quarterly compounding. After four years, at the time that Christine made her 16th payment, she got married and sold the BMW to her friend Jane. Jane made arrangements with Christine's bank to refinance the loan and to pay Christine's unpaid balance by making 16 equal quarterly payments at the same interest rate that Christine was paying. After 3¼ years, at the time that Jane made her 13th payment, Jane flunked out and sold the car to Ally. Ally paid the bank $4,000 cash to pay the loan balance. What was the amount of Christine's loan to purchase the BMW when it was new?
For each scenario, calculate equilibrium price and quantity, total consumer surplus and total producer surplus.
As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, illustrate what two policies could you use to reduce the total amount of emissions.
Why does a reduction in taxes have a smaller multiplier effect than an increase in government spending of an equal amount.
q1. the price of a laptop increases by 20 and there is a 40 drop in the quantity demanded. the price of a pack of
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
What did you add more specifics and associated reasons why you decided to recommend the course of action you selected and how you believe the course of action you selected might best be carried out.
Elucidate the return to deficit spending since the turn of the century. Consider the causes of the deficits and surpluses and provide your own insight.
Now she wants to pay off the remaining installments in one lump sum (at the end of 12 months). How much does she owe the furniture store?
The Australian government administers two programs that affect the market for cigarettes
Explain how to structure her essay properly and illustrate what sorts of mistakes she should avoid making. Drawing on your prior writing experience, as well as knowledge you have gained from this phase, illustrate what advice do you offer.
A newspaper recently reported that the Chinese central bank has decided to reduce its reserve holdings of U.S. government bonds. What effect might these purchases have on the U.S. bond markets, the Chinese Balance of Payments, and currency valuations..
Discuss the concepts of marginal product and marginal cost. Also discuss the importance of trends in these and other economic measures and how time-series analysis (trend analysis) can be used or misused to make important management decisions
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