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What is the present value of a series of 48 quarterly deposits (starting at quarter 1) when the first deposit is $500 and the deposits increase by $50 each quarter starting with the second quarter? The nominal annual interest rate is 10% and is compounded weekly. (Please show the formula you would use to solve this, not just an excel table)
The Open Economy Consider the following open-economy IS-LM model. Suppose that foreign income is Y* = 1 and that both foreign and domestic prices are fixed at 1 (P = P* = 1). This implies that the real exchange rate is equal to the nominal exchange r..
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from each other and can observe the prices posted on each other’s..
Theodore Levitt has argued that the world is flat and that due to the advent of modern communications and transportation technologies, consumer tastes and preferences are becoming global. However, this position is considered extreme by many business ..
A production facility is looking at installing a wind turbine which will cost $175,000 at time zero. The wind turbine will allow them to have free electricity and they know they’ll use all the electricity it provides. The wind turbine will have a 6 y..
During the World War II, both Germany and England had plans for a paper weapon: they each printed the other's currency, with the intention of dropping large quantities by airplane. Why might this have been an effective weapon?
A union is trying to form in a company that you are working at. When the union representatives come to you to pitch the union, they extol the uniqueness of their system, where you receive the benefits of collective bargaining, but if there comes a ti..
Suppose that the government and the Federal Reserve have conflicting goals. The government wants to encourage economic growth by. But the Federal Reserve wants to decrease inflation by.
The best answers eliminate the puzzle concisely. Explain the short-run effects of eliminating rent control on apartments. In a competitive industry, with competitive supplies of labor and capital goods which have only normal gains, which factor obtai..
Total profit is maximized at output of ? What is profit maximizing price? What will profits be at profit max output and price?
Describe how the Monsanto Corporation is a monopolist. How has the government helped the company maintain its power as a monopoly?
What is the value of the economic's MPC. Data applies to an economy with only two sectors-households and firms no government or export.
Some services marketers strongly maintain that service marketing is fundamentally different from goods marketing and that different skills are involved. Some traditional goods marketers disagree, saying, “good marketing is good marketing.” Take a pos..
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