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Question - If a savings bank pays 1.5% interest every 3 months (Every quarter),
a. What is the nominal rate?
b. What is the effective rate per year?
Why is knowing (or estimating) the product demand so crucial for a firm? In your response, include an example of a U.S. business that has suffered from poorly estimating the demand of its products.
What are the potential benefits to a country's balance of payments from having an undervalued exchange rate? Are there any situations when having an under-value
What percentage of bankruptcy petitions does the IRS estimate contain some kind of fraud? Does this surprise you?
How many units of labor will this firm choose to hire if the firm maximizes profits? How many firms will there be in the output market - What will be the market equilibrium price? Prices must be in cent multiples.
Gary knows very little about the difference between makes and models. How could he use market signals, reputation, or standardization to make comparisons?
Assume a country has a life expectancy of 51.5, an adult literarcy rate of 62.6 percent, a combined gross enrollement ratio of 45 percent, and GDP per capita PPP of $853.
Dairies make low-fat milk from full-cream milk, and in the process they produce cream, which is made into ice cream. The following events occur one at a time.
Unitized Costs Suppose you are a manager in a manufacturing company. Your accountant has just presented you with a very detailed cost analysis for a decision.
Why might some managers want price controls? Why don't they get together and control prices themselves (if it were legal)?
Describe the sources of this renewable resource - Explain how this renewable resource is harnessed for energy.
Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm Describe the Diamond-Water paradox and the solution Explain why price is greater than marginal revenue for a single-price
After the Korean won devalued by approximately 50% in late 1997 and the economy plunged into a severe recession in 1998, the economy rebounded strongly.
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