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Using the power operations on a typical calculator, find the period interest rate to three digits after the decimal point in percentage format that results in the F/P factor being 2.85 after 16 periods.
Until a few years ago, U.S. cars exported to Japan had the driver controls on the left side (as in the United States). The Japanese (like the British), What impact would this likely have on their sales in this country? Do you think the unwillingness ..
You owe $1000 on your credit card. The APR is 24%, compounded monthly. The credit card company indicates that your minimum payment is $22.44. If you make only the minimum mouthy payment, how long will it take for you to repay the $1000 balance (assum..
Illustrate what is the value of consumer surplus. Illustrate what is the value of the deadweight loss created by this monopoly.
The Consumer Expenditure Study surveys people about their finances and spending. What is your occupation? What is the amount of your student loan, if any? How would you rate your credit using these categories: excellent, good, fair, poor?
What is the future worth of a series of equal quarterly payments of $14,000 if the series extends for six years at APR=6%.... show all your work
Suppose a government moves to reduce a budget deficit. Using the model developed in class: a) Graphically illustrate the impact of reducing the government’s budget deficit by increasing (lumpsum) taxes on household income. Be sure to label:
Suppose that Colin’s preferences for goods X and Y can be represented by the utility function U(x,y)=min{x,y}, where x (respectively, y) is the amount of X (respectively, Y) that he consumes. Give a real world example for such preferences and for goo..
Consider a labor surplus economy producing a single output, which can be consumed (as food) or invested (as capital). Labor, once employed, must be paid a fixed wage w which is fully consumed. All surpluses from production are reinvested. Draw a diag..
Assume that we care about the average welfare of individuals in Indian villages, i.e., we put equal weight on each individual's utility.
Which of the following would shift the short-run aggregate supply curve to the right?
Discuss the various ways federal, state, and local governments attempt to promote education as equality of opportunity. What are the some positives and negatives you see in the involvement of government in the education system?
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your respo..
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