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On November 1, Year 1, a company purchased a new machine. The machine does not have to be paid for until November 1, Year 3. The total payment on November 1, Year 3, will include both principal and interest. Assuming interest at a 10% rate, the cost of the machine would be the total payment multiplied by what time value of money concept?
Assuming Y=$6000, calculate the change in the quantity demanded when the price increases from $1000 to $2000. Do the same for a price increase from $500 to $1000 and from $500 to $2000. Call the change in the quantity demanded ?QD and the change i..
Illustrate what is included in determining any of the measures of money supply. what happens to the equilibrium price level and output rate.
What problems arise in estimating whether an equal income distribution is fair or not? Diuscss the difference between income and wealth?
The following is a list of figures for a given year in billions of dollars. Calculate the GDP and NI.
Suppose that a competitive industry is in long Run competitive equilibrium. Then the price of substitute good (in consumption) decreases. What will happen to the short run to
Engineers at the national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of unleaded gasoline.
Assume the 3 firms compete for market share over an infinite time horizon. Each firm takes the present value of 1 dollar tomorrow to be X dollars today, where 0
Consider demand and supply curves for many markets - the market for mineral resources, the market for wheat, the market for sugar, and market for motor homes.
profits from recycling paper cardboard aluminum and glass at a liberal arts college have increased at a constant rate
If the government uses its knowledge of its monopolistic position, Illustrate what criteria will it employ when determining how many soldiers to recruit. What happens if a mandatory draft is implemented.
America's young people are heavy Internet users; 87% of Americans ages 12 to 17 are Internet users (The Cincinnati Enquirer, February 7, 2006). MySpace was voted the most popular Web site by 9% in a sample survey of Internet users in this age grou..
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