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Franklin Templeton has just invested $9,860 for his son (age one). This money will be used for his son’s education 20 years from now. He calculates that he will need $31,603 by the time the boy goes to school. What rate of return will Mr. Templeton need in order to achieve this goal? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
How do you feel the study of Managerial Economics will benefit you as a business and household decision-maker?
compute the price elasticity of demand between successive points. Which price maximizes publisher's revenues. Calculate and explain.
John Adams wrote his wife that his office is the "most insignificant office that was the invention of man."
If farmers were to decry the effect of this new technology on the price of milk and lobby government to set the price of milk at the price before the invention, elucidate the result.
Arrival rate of customers and processing times of customers each have a coefficient of variation = 1.0. On average, how many customers are standing lines.
The traditional remedy for a nuisance is an injunction, and the non-traditional remedy is damages. Explain in a paragraph, circumstances in which the former is more efficient than the latter, and the circumstances in which the opposite is true.
Explain the role of the Federal Reserve, who monitors it and is it effective in its job? Evaluate one of the strategies of the Federal Reserve.
The political independence of central banks is an increasingly important issue in the global economy. What is the global trend in the political independence of central banks? Is this good or bad for the global economy? Explain with examples.
Explain how is world currency valued against the US dollar such as Euro and Chinese.
What are the two distinguishing properties of a public good? Explain each in one or two sentences. Give an example of a public good.
Tax Freedom Day answers the basic question, Illustrate what cost is the nation paying for government.
A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two met..
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