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A bank advertises it pays 7% annual interest, compounded daily, on savings accounts, provided the money is left in the account for 4 years. What is the effective annual interest rate?
Explain how the average rate of per capita income in south africa between 1960-1991 compered to 1991-2010.
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
Regarding our nation’s debt situation and the impact of entitlements like Social Security and Medicare, consider our Saint Leo core values of responsible stewardship and community. What responsibility do we have as a society to help the elderly and d..
You are planning to save for retirement over the next 35 years. To do this, you will invest $840 per month in a stock account and $440 per month in a bond account. The return of the stock account is expected to be 10.4 percent, and the bond account w..
There are two firms that are considering entering a new market and must make their decision without knowing what the other firm is going to do. Once a decision is made, it becomes a commitment that the firm cannot back out of or change after learning..
Along a demand curve, the price changes from 60 to 70. This causes the quantity demanded to change from 70 to 65. Calculate the demand curve and the inverse demand curve. Calculate the price elasticity of demand using the price/quantity combination o..
How does world trade affect the production of complex products like smartphones?
Illustrate what is the total opportunity cost of the day that Farmer Tony incurred for his spring day in the field planting wheat.
Discuss any social benefits a monopoly business contributes to the public's welfare. Weighing social benefits and social costs a monopoly business generates, discuss whether current Anti-trust laws are valid, out of date or too harsh to Monopoly, bas..
Explain how the aggregate expenditure function shifts in response to changes in each of the following variables: a. The real interest rate increases. b. Consumer confidence decreases. c. Higher taxes are imposed on business profits. d. The economies ..
If you were a supplier to the furniture producer, would have chosen to see the analysis performed in physical sales units rather than dollars of revenue.
What are the distinguishing characteristics of public goods? Give two examples of a public good. Why are public goods difficult for markets to allocate efficiently?
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