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You purchased a house for dollar 150,000.00. The mortgage is for 30 years with equal monthly payment at a monthly interest rate of 3/4 percentage. What is the monthly mortgage payment?
The greater the extent to which 2 goods are compliments, the lesser the convexity of the indifference curve.
What possibly could account for this discrepancy? Is this an example of GDP not being an accurate measure of welfare?
W hat will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run?
Big Dom's Pawn Shop charges an interest rate of 27.5 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers.
Suppose the market for a good is in equilibrium, and then the demand in that market increases significantly. In this case, producer surplus will
Why does the substitution bias cause the consumer price index to overstate inflation and the cost of living?
Explain how might a nation's production possibilities be affected by new wind power technology?
What advantages and or disadvantages does a single point of contact at a service provider have for Bank of America?
Proper hygiene such as regular hand washing can greatly limit the spread of many diseases. How may this suggest a role for public interventions? What kinds of interventions may be possible? Suggest three distinct types of possible Intervention.
If the money supply is growing at a rate of 6 percent a year, real GDP is growing at a rate of 3 percent, and velocity is constant, what will the inflation rate be?
For each of the following utility functions, calculate the MRS. For each utility function, plot a representative indifference curve for a utility level equal to 2. Not every point on your indifference curve needs to be accurate.
The labor market demand is given by Ed = 1,058,800 - 9,600. w and the labor market supply is given by Es= 11,000.w- 33,000.
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