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Assume that you have a $200,000 mortgage that has a 5% interest rate and no penalty for early payment, a $15,000 car loan at 7% interest, $5,000 of credit card balances at 13% interest and some investments in the stock market that have been giving you 8% annual returns. You inherit $100,000. What do you do with the money?
Discuss and explain the following questions using knowledge about the dynamics of Aggregate Demand and Aggregate Supply Model. What is the cause of the 2007-09 Great recession? What happened to aggregate demand and aggregate supply model during this ..
Elle's preferences over apples (A) and bananas (B) are represented by the Cobb-Douglas utility function; u(A; B) = AB. Write down the optimization problem. What is the objective function? What are the choice variables? What is the constraint? What a..
Discuss the similarities and the differences between database tables and database views.
Develop a console program that simulates a section of a restaurant menu. Each item will have a different price and your program should define at least ten (10) items. You will need to obtain an order from the user who should provide their menu sel..
learned some of the basic principles of organization, pause and think of where you have already applied such concepts yourself
Compute the price of the machine, which will make purchasing or leasing to be equally costly.
A firm uses third-degree price discrimination to sell the same cologne under two different labels. The price elasticity of demand for `High Class' is -1.25. The price elasticity of demand for `Splash-This-Stuff-On' is -2. Which one of the following s..
Look over Maslow's Hierarchy of Needs and try to determine where you are right now on the hierarchy. What needs of yours are not being met? How could a company go about meeting those needs and thus motivate you to work more effectively?
Assume that you have been appointed as the Speaker of the House. You must deliver a speech about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.
Cost Minimization for Cobb-Douglas. Suppose the Acme Gumball Company has the production function of q=LK. Given that the MPL=K, MPK=L and MRT S=MPL/MPK. Part a-b, we are analyzing the impact of output on input choices. Suppose wage rate is w= $5 and ..
Suppose a country makes commodity A and B with capital and labour with constant returns to scale technology. When the country goes from autarky equilibrium to trade equilibrium with its trading partner, the price of A rises and price of B remains sam..
The management of the Mini Mill Steel Company estimated the subsequent elasticities for a unique type of steel.
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