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An individual wants to accumulate $60,000using 8 annual deposits of $6000 for 8 years. What is the interest rate required to achievethis future accumulation at the end of year?
Derive the equation for Sam's budget constraint and graph his budget line labeling as many points as you can.
Explain how the following cases involve price discrimination, and how the seller attempts to prevent arbitraging the two prices: 1. A cement firm requires in a sale that it delivers the cement to the buyer, and wants to know the buyer's location.
John intends to invest a certain sum of money today in order to earn a return of $6 000 in five years time. how much should john invest today at the interest rate of 7%, compounded annually?
GDP depends partly upon Investment and consumption spending. If the economy is in a persistent recession what can the Congress and Administration do to improve the GDP? What can the Federal Reserve do to improve the economy is Consumption and Investm..
In a simultaneous move game, if both charge the low price (LP) they each earn $5K. If both charge the high price (HP) they each earn $10K. If they charge different prices, the one playing LP earns $15K and the other earns $1K. The Nash Equilibrium wi..
The state government collected all taxes due, but its tax revenues were equal to $40 million each year. What happened to the sales tax base between 2006 and 2007? What could account for this result?
Fiscal policy consists of using government spending and/or taxes, to "manage" the economy. President Obama used almost $800 Billion in spending to try
Duffy derives utility from only two goods: milk and cookies. He only consumes milk and cookies in fixed proportions: he likes to have 4 cookies with each glass of milk. Determine and graph Duffy’s budget constraint (put milk on the horizontal axis). ..
Discuss three tools that can be used for forensics data analysis and reporting. Explain how you would use these tools in an enterprise.
Suppose you own a specialized auto parts manufacturer. You purchase and have installed a new machine to make a particular type of part. The price of the machine plus installation is $300,000. If you have already purchased the machine, should you go a..
Are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position. Provide at least one example of a case where having a monopoly or oli..
What is the necessary requirement to turn a business idea into a business? If you don't have customers willing to buy your new product or service at a price that gives you a profit, do you really have a business?
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