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1. An individual borrows a 48 month $25,000 car loan at 6.5 % interest compounded monthly. What is the amount of his monthly payment?
2. What is the monthly mortgage payment of a 25-year $200,000 fixed loan if the mortgage rate is 4.25 %?
3. What proportion of the 150th monthly payment in the previous problem is applied to the principal?
4. What is the accumulated equity in Exercise #24 after the 150th monthly payment? What is the amount of the loan outstanding?
What is the difference between elastic and inelastic goods?
A grocery store notices that the cross-price elasticity between ice cream and chocolate syrup is -.3. The store is advertising a sale with ice cream prices reduced by 20%. By how much should they expect chocolate syrup sales to increase?
Calculate the market equilibrium, Calculate the total surplus and How can the government increase total surplus - Identify one policy that the government could implement to reduce pollution.
What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
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Recently, there has been a lot of press about high lead content in toys made in China. This negative press can affect the foreign exchange rate in the United States dollar and Chinese yuan.
One year during this period a poor harvest had a negative impact on supply of bread and the supply curve shifted resulting in an increase in market price. New York bakers found that the controlled price of bread in New York was below the new marke..
1. There are only two polluting sources in the region, each of which generates 10 units of pollution for a total of 20 units released into the environment. The government determines that emissions must be reduced by 10 units across the region to achi..
Provide specific example of how you used the marginal decision making principle to choose between two alternatives.
How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market s..
q1. what are the four major types of markets in microeconomic analysis?nbsp what are the key characteristics that
Identify one real-life example of a market structure in your local city and relate your example to each of the characteristics of the market - Describe how high entry barriers into a market will influence long-run profitability of the firms.
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