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Explain how money is created through the banking system. Use bank charts to explain the process.
Find the equivalent of present worth (t = 0) of a uniform series of $4550 for 8 years, if the payment is made every 12 months, starting 6 years from now. Assume the interest rate is 12% per year, compound continuously.
You are appraising a 480 acre irrigated farm with a current valuation date. Improvements contribute $210,000 to the property value. The property is located outside Lotta-Water Irrigation District; irrigation water is obtained from an on-site well and..
Use the characteristics/features of the different market structure to determine which market structure to classify your chosen firm.
A monopolist sells a single product on a market where inverse demand for the output Q, is p=500-Q, where p is price. The monopolist has a marginal (and average) cost of production of 40 per unit. The monopolist charges its profit maximizing price. Wh..
Calculate the following probabilities: (it may help to answer the question for N = 2 initially, and work your way up. Also assume that there are 365 days in the year) What is the probability that every one in the class has a birthday on January 1st.
Assume you have a production technology to can be characterized by a learning curve.
If the demand curve for computers increases
Another important law in economics is the “law of marginal returns or the law of increasing costs". Discuss in terms of your study in this course, how might you know that you are at a point of diminishing returns, or where more study will not benefit..
4-94. An individual makes five annual deposits of s2,000 in a savings account that pays interest at a rate of 4s per yeat. One year after making the last deposit, the interest rate changes to 6% per year. Five years after the last deposit, the accumu..
Suppose the equilibrium price and quantity is established and that that tax is imposed which shifts the supply curve but also changes its slope. Explain how this effects consumers and producers. does slope become flatter or steeper?
Esmerelda worked parttime for her mother’s business without pay. Tabitha was absent from work because she had strep throat. Who is counted as “employed” by the Bureau of Labor Statistics? Cyclical unemployment results from? Which of the following pe..
Show that an increase in government spending that is productive in this fashion could increase welfare for the representative consumer.
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