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A woman went to the Bene?cial Loan Company and borrowed $9000. She must pay $350 at the end of each month for the next 30 months. What is the monthly interest rate she is paying? What effective annual interest rate is she paying?
Please show how to solve using Formulas (no Calculator or Excel Method)
Consider the market for electricity. Suppose demand (in megawatt hours) is given by Q = 50 − P and that the marginal private cost of generating electricity is $10 per megawatt hour (P is in the same units). Suppose further that smoke is generated in ..
Suppose an economy has an expected inflation rate of 6% and a natural unemployment rate of 7%. If the unemployment rate falls by 1%, then the inflation rate rises by 4%. Draw the Phillips Curve for this economy, being sure to label the intercepts of ..
The cost of a 110hp generator today is $155,000. The cost of a 65hp generator 6 years ago was $56,000. The generator equipment index today is 193 and 6 years ago it was 143. Calculate the power sizing exponent for this equipment.
Suppose Congress had chosen to both increase government spending and raise taxes by the same amount in 2009. What increase in government spending and taxes would have been required to prevent the decline in output in 2009?
College-logo t-shirts priced at $15 sell at a rate of 25 per week, but when the book store marks them down to $10, it finds that it can sell 50 t-shirts peer week. what is the price elasticity of demand for the logo t-shirts?
A lone shepherd can graze 10 sheep per year in a meadow. Each additional shepherd who uses the meadow reduces the number of sheep that can be maintained by one per shepherd. What are the net benefits to society of this outcome? What is the efficient ..
Innova Discs has two divisions—Standard and Premium. Each division has hundreds of different types of golf discs and disc golf products. The following information is available: What is the weighted-average contribution margin ratio?
sales in joint facilities are lower than sales in two separate facilities. Elucidate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
Select a country in which the government has implemented industrial policies. Have the industrial policies contributed significantly to the country’s economic growth? Have the policies lead to problems in the country’s economy?
Using the value of MPC = 0.8, and knowing the difference between the values of expenditure multiplier and the tax multiplier, it can be safely stated t hat the reduction of taxes by $40 0 billion (other things staying the same) , Estimate increased l..
Gomez runs a small pottery firm. He hires one helper at $14,500 per year, pays annual rent of $7,500 for his shop, and spends $18,000 per year on materials. Calculate the accounting profit for Gomez’s pottery firm?
Using your knowledge of utility and consumer behavior and the data below, show exactly how you would spend your income, on which goods and why. Be sure to calculate the MU/P for good X and good y, and then proceed. (20 pts) Q MU x MU y 1 90 150 2 84 ..
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