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Question: A used car dealer advertises financing at 0% interest over 3 years with monthly payments. You must pay a processing fee of $250 at signing. The car you like costs $6000.
(a) What is your effective annual interest rate?
(b) You believe that the dealer would accept $5200 if you paid cash. What effective annual interest rate would you be paying, if you financed with the dealer?
Suppose an industry experiences decreasing average costs of production over the relevant range of market demand. Discuss the merits of a regulation requiring the natural monopolist to set a price where demand equals marginal cost and to service al..
The Labor Market and Minimum Wage
At West, a restaurant in Vancouver, reservations are essential. At Cibo, a restaurant in downtown Vancouver, reservations are recommended.
instructions- late submissions will not be accepted. you are welcome to submit early.- maximum words per question 650-
Visit the Bureau of Labor Statistics Web Site, www.bls.gov/news.release/empsit.toc.htm. Select Employment Situation Summary. Write a report (1-2 pages double - spaced) to answer the questions:
"Now it's not. You have to do both for both." . . . It could ultimately mean that developed economies, the U.S. included, could face extra penalties for the perceived, even if ever-soslight, risk that they may not repay their debts. What does it m..
As part of the preparations for the arrival of a hurricane, NC residents sought to buy electricity generators. As a result, you expect that in NC
Explore how consumers make economic decisions. The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy.
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3.Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale. a.The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. b.The lon..
Illustrate the effects of an income tax which exempts savings from the tax base - On grounds of equity and efficiency, assess the recent Nova Scotia budget.
In the trade based model, the supply of a country’s currency in foreign exchange markets is primarily a function of. What does “redemption” refer to in discussions of commodity-money and the Gold Standard? What does it mean when a currency “floats?”
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