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Question: Melinda Gibbs would like for her descendants to be able draw $40,000 every year for ever starting 30 years from now. She has found a mutual fund that will provide her a guaranteed 10% return forever. She will make ten equal deposits starting today. How much must be each of the ten uniform deposits? If you had $2,000 now and invested it at 10% interest compounded annually, how much would it be worth in eight years? If an amount invested 5 years ago has doubled, what is the annual interest rate?
Illustrate out the term game theory? describe it with the situation in which game theory is applicable, along with any description of the two rival's strategies.
Find the average education level in the sample. What are the lowest and highest years of education?
Joe and Rebecca are small-town ready-mix concrete duopolists. The market demand functionis Qd = 10,000 - 100P, where P is the price of a cubic yard of concrete and Qd is the numberof cubic yards demanded per year. Marginal cost is $25 per cubic..
what would be the PV of the loan of interest rate is 8 percent on similar quality loans? Determine annual payment on a $500,000, 12 percent, business loan from a commercial bank that is to be amortized over a five-year period.
Analyze the various means of tourism to determine which sector you anticipate will grow the most in the next 20 years. Explain your rationale.
cite three example of recent decisions which you made in which you at least implicitly weighed marginal costs amp
Between 1992 and 2002, the University of California's stock market holdings underperformed market averages by $2.3 billion.
In a hypothetical economy which is initially in equilibrium, the consumption function is: C 100 + 0.8Y. What is the actual equilibrium level of income?
How does the problem of limited and bundled choice in the public sector relate to economic efficiency? Why are public bureaucracies alleged to be less efficient than private enterprises?
There are two firms (a,b) and two consumers (1,2). Consumer 1 is more attached to firm a and consumer 2 is more attached to firm b. The maximum price that any consumer is willing to pay is $12. However, if the price difference is greater than $d, the..
Fast food restaurants tend to cluster together. That is, on one corner, there may be four similar fast-food restaurants. How game theory explain this behavior?
What is the rule relating the ratio of marginal utility to prices of two goods at the optimal choice? Explain why, if this rule does not hold.
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