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1)The second national bank of fullerton advertises an APR of 14% compounded monthly for student loans. Determine the APY? setup the solution on paper as well as on spreadsheet.
2)How much can Wells Fargo lend to developer who will repay the loan by selling first 6 view lots out of 13 lots at $190,000
Assume demand and supply conditions in the competitive market for unskilled labor are as follows.
A major car manufacturer wants to test a new engine to determine whether it meets new air pollution standards. The mean emission of all engine of this type must be less than 20 parts per million of carbon. Ten engines are manufactured for testing ..
Describe the benefits and costs of such a sweeping trade agreement. Consider the various countries involved (you do not have to look at all of them!) and what it means for first and third world nations to join in such an agreement.
Dicuss should the government subsidize alternative fuel options given all you have learned about the growth? Give special thought to following two statements;
Sketch a graph of demand and supply curves that shows the effect of an increase in rainfall on the equilibrium price and quantity of corn. Do price and quantity increase or decrease?
A monopolist faces the demand curvep =11 - Q , where Q is measured in thousands of units. What is the monopolist profit maximizing price and quantity? What is the profit?
The cost of the concert ticket is $50. What is the opportunity cost of Tammie's trip to the concert and the monthly productivity of two workers is as follow: Alex 300 Pants & 100 bikes and Joel 100 pants & 50 bikes.
In 1982 the Johnson & Johnson Company credo was suddenly taken to task when an unknown quantity of Tylenol capsules on the shelves of one or more drug store(s) in Chicago was/were laced with cyanide, and seven people died.
Advertising can inform buyers, but sellers must incur costs to advertise. If so advertising can result in higher prices to consumers.
Suppose that the production function is given by Y = C + KaN1-a where C is a positive constant. Does an increase in C affect the marginal product of any factor? Will it affect labor productivity?
Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find that the price paid for a unit of labor is $20 (W = $20), and the price..
Show the first and second order condition for profit maximization. Illustrate what is the price elasticity of demand faced by this monopolist.
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