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Question: If you drive 10,000 miles per year, which tire should you buy? Tire A costs $65 and should last 40,000 miles. Tire B costs $85 and should last 60,000 miles. You have an outstanding balance on your credit card, and you are paying 20% as an effective annual rate.
(a) What are comparable EACs for the two alternatives?
(b) What are comparable PWs for the two alternatives?
consider an economy in which the demand for electricity is qd 100p where qd is the quantity demanded and p is the
suppose two entities are considering collusion - to make things legal consider a situation similar to opec except
If we were to evaluate the "best-case scenario" from anefficiency standpoint of public-private partnerships, what would bea reasonable breakdown between private sector vs. public sectorspending for an increment of $1.
Determine the most commonly used population and individual measures used in providing healthcare today. Examine the primary impact that these measures exert on the choices that consumers make in order to address their own healthcare needs. Justify..
Some economist believes cultural differences explain the different economic experiences of various race ethnic groups. If this is true, what effects would you expect from anti-discrimination policies such as affirmative action?
In which direction would the money supply change if a. the Fed raised the reserve requirement? b. the Fed conducted an open market sale of government bonds? c. the Fed raised the discount rate?
You and your little sister can each choose between two strategies. Each of you will make your choice of strategy at the same time (i.e. neither of you can wait for the other to move first). Find the dominant strategy for player
What is the method used to allocate highway space in Canada and what is the method used in Singapore? Who benefits from the Canadian method of highway resource.
Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. Provide a ration..
What impact would you expect each of the following events to have on business cycles? Label each as a demand-side or supply-side shock. What economic policy changes might you expect in response to each of these events?
Thai Savings Bank issues 100,000 bonds as a response to the Thai Central Bank's initiatives to increase domestic saving.
Suppose that U = min{2X, 0.5Y}, where X is units of good X and Y is units of good Y. The price of good X is $1 and the price of good Y is $2. What is the minimum expenditure necessary to achieve a utility level of 100?
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