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A machine costs $20,000 and has a 5 year useful life. At the end of the 5 years, it can be sold for $4,000. If annual interest is 8%, compounded semi annually, what is the equivalent uniform annual cost of the machine?
Hint: Find the effective rate first and then calculate. This is easier. Round off to whole dollars. Do not put in commas or $ signs, but do put in negative signs if needed.
calculate the standard deviation of the distribution of each investment. Which of the two investments is more risky?
In July, 2013, in the economy of Sandy Island, 10,000 people were employed and 1,000 were unemployed. During August, 2012, 80 people lost their jobs and did not look for new ones, 20 people quit their jobs and retired, 150 people were hired or recall..
As we noted in class, most members of labor unions work in the public sector, industries that are regulated, or industries in which production is concentrated into a few firms. Consider a perfectly competitive industry with many firms that produce th..
Conclude cost elasticity of demand at each quantity demanded utilizing formula % chg in QD divided by % chg in cost.
Around 2000, the dotcom bubble in the stock market burst and the US entered a recession. What would the neo-classical policy prescription have been for the US government and the Federal Reserve to do about this recession? How would this have operated..
How does the adverse selection problem arise in the credit- card market? How do credit- card companies reduce the adverse selection problem that they face? To what complaint does this give rise?
If there is only one provider of electricity in a city, then that market is likely to fail due to:
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
Find and plot the SAC and SAVC curves. For this function, the SMC curve is given by SMC(q) = 0.2q +10. Include this curve in your diagram for part b. Write the equation for the firm’s short-run supply curve and indicate it in the above graph
"Some states have had laws restricting the sale of most goods on Sunday. Consumers, by and large, oppose such laws because they find Sunday afternoon a convenient time to shop. Paradoxically, retail trade associations frequently support the laws." Wh..
If you had to create an instrument that measured the prosperity of a nation, Illustrate what would be the three most important aspects of the society you would include.
Advise Steve whether he will able to rely upon his insurance policy. Support your answer with relevant cases and legislation.
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