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Question: A bank is offering a foreclosed condominium for $35,000. Its advertising on this property features a 7% mortgage (assume annual payments) with a 20-year term and no down payment. The bank charges 2 points (2%) for loan origination and closing costs. These fees are added to the initial balance of the loan. Nearly identical condominiums are selling for $33,000. What is the annual payment and what is the true rate for the loan?
A competitive, profit-maximizing firm will choose to hire workers up to the point where the value of the marginal product:
Compute the transfer and the gain function for the following filters.
Calculate the payback period for each project. Which, if either, of these projects should be chosen? What is the NPV for each project if the appropriate discount rate is 15 percent? Which, if either, of these projects should be chosen if the appro..
Discuss the following - What feature(s) of Medicare would cause an economist to say that "Medicare stinks as insurance"? Medicare supplement insurance.
What is the elasticity of demand from Price 1 = $1 and Price 2 at $2 (QD=15-3p), please show steps clearly and provide a graph so i can learn this stuff i have the notes but can’t put them together so I’m looking for a nice guide for elasticity of de..
Daddy Warbucks has given his niece the following choice. She can choose between twodifferent inheritance bundles. Bundle F consists of $100 tomorrow and $10 today. Bundle Pconsists of $30 tomorrow and $60 today. His niece can borrow and lend money at..
If demand conditions are such that there is no output at which a firm can make any profit, which of the following would be the best short run policy.
You are an Economist advising the Federal Government about the Australian Labour Market and issues relating to unemployment. what types of unemployment are the most serious
Assume that a purely competitive firm is selling 2000 television sets a day at a cost of $90,000. Assume that if the firm sells 1600 units per day, its total cost would be $60,000, and if it sold 1000 units per day, it would have a total cost of $55,..
The conclusion that the level of output is efficient at the market equilibrium rests on all of the following assumptions EXCEPT that __________ . A. buyers and sellers are well-informed B. there are no external costs or benefits
Why do ethicists tend to reject the theory of ethical relativism? If you agree, which argument (or possible scenario) do you find most persuasive - and why?
Which of the following best explains why elasticity varies along a linear demand curve? Labor demand is more elastic when: Unions are likely to be less successful in negotiating higher wages in those labor markets in which:
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