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What are the four components of an economy? Which of these determine what allocations and distributions are feasible and which are not?
King Lear was worried about how his children would treat him in his old age. Much to his regret, he discovered that children do not always deliver what they promise. In addition to love and respect, children are also motivated by the possibility of a..
Determine the current amount of money that must be invested at 15?% nominal? interest, compounded?monthly, to provide an annuity of ?$11,500 ?(per year) for 4 ?years, starting 13 years from now. The interest rate remains constant over this entire per..
Find the present value under continuous compounding of the discrete cash flow Fn = A, n=h, h +1, . . . , h+k if the nominal interest rate per period is r. Compute the present value for A=25,000, h=18, k=4, and r=8%.
You borrow $42,000 and repay the loan with 6 equal annual payments. The first payment occurs one year after receipt of the $42,000 and you pay 8% annual compound interest. What is the payment size when interest is 8% compounded monthly, and monthly p..
What is market power? What is an oligopoly? How are the two related? I have a summer home in western Michigan. If I want to have internet service, I can buy it from Comcast.....or not have it. Is this a monopoly? Are monopolies a good idea? Why? Why ..
There is a wealth of info out there on Big Data and IoT. Here are some areas to think about:
What is the total number of bulbs purchased between both? What are their actual utility levels?
Market demand for laptop computers is y = 500 - 2p. But the computers are developed by a hardware firm with a cost function c(y) = 10y + 100, & the operating system is developed by a software firm with a cost function of c(y) = 150. Calculate the opt..
The following questions refer to a capital budgeting problem with six projects represented by binary variables a, b, c, d, e, and f. Write a constraint modeling a situation in which two of the projects 1, 3, 5, and 6 must be undertaken. Write a const..
Suppose people in our overlapping generations model have the opportunity either to hold fiat money with complete safety or to lend someone
Explain how racial and ethnic diversity in Brazilian culture differs from that in the United States and how this may affect inequalities in society.
Television production requires 100 hours of labor and 20 acres of land. Rice, on the other hand, requires 2 hour of labor and 4 acres of land for every pound of rice produced. What is the pattern of trade between these countries as predicted by the H..
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