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A refrigerator sold for $500. The store announced the refrigerator by charging 0.5% monthly interest on the unpaid balance. If the refrigerator is paid for with 30 equal end-of-month payments:
a. What will be the size of the monthly payments?
b. If the first payment is not made until one year after the purchase, what will be the size of the monthly payments?
The U.S. Surgeon General issues a report stating that tomatoes prevent colds. What is the effect on the market for tomatoes? b. A new type of robot is invented that will pick peaches. What is the effect on the market for peaches?
Explain how does the existence of money reduce the costs of making transactions relative to a society based entirely on barter.
q.a can of soda costs 0.75 in the united states and 12 pesos in mexico. what would the peso- dollar exchange rate be if
You know that marginal cost of last unit is $30. Should industry continue to operate at a loss. Carefully elucidate your answer
The agency decides to hire operators to monitor calls in order to attain the optimal number of personal calls.
In the same context of Q6 above, briefly explain why the prices of Short Term US treasury securities are still high enough to keep the interest low enough despite the fact that the US Bond rating has been downgraded from AAA status to AA+ by S&P in J..
the top ten percentile cutoff was 95 points. a. What is the standard deviation for the class? b. What percentile did you score in?
John has two job offers when he graduates from college. John views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $50,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of..
In your words, compare and contrast a positive and a negative externality. Be sure to provide an example for each. How does a positive or negative externality
Sketch the monopolistically competitive firm's demand curve by plotting one point on the horizontal axis and a second point on the vertical axis.
Upon his employment at the age of 22, Robert began to make a series of equal year –end deposits of $1100 to his retirement fund. After working for 5 years, he is now able to increase his saving. He plans to increase his annual deposits to $2200, star..
Which of these same curve would shift as a result of the per-burger tax. Curves average fixed cost,marginal cost would shift as a result.
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