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You want to buy a new sports coupe for $49,280, and the finance office at the dealership has quoted you an 8.4% APR loan for 3 years with monthly payments. What will your monthly payments be? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?
How are consumer surplus and producer surplus related to the benefits of international trade?
A 30% tariff is imposed on imported solar panels. Assuming demand stays the same, what would be the new Q* and P(Q*)?
For the following production functions: calculate marginal product of labor (L), marginal product of capital (K), and the technical rate of substitution. Identify if the production function exhibits constant, increasing, or decreasing returns to scal..
1. Describe all four phases of a business cycle. 2. Identify and describe three most severe recessions of the 20th century in the United States. 3. What will happen to unemployment and inflation during a recession? Explain
Bob and Ray buy only two goods, ice cream and root beer. They both get their root beer at Root Beer City, where they pay $1 a bottle. Bob is indifferent between the baskets (1, 3) and (2, 2). Ray is indifferent between the baskets (2, 2) and (3, 1). ..
Select an organization that you are familiar with and determine the most advantageous benefits of using object-oriented design in this organization.
A price taking firm chooses its inputs to maximize long-run profits. Labor and capital are substitutes in production and both exhibit decreasing returns to scale, q(L, K) = L^(1/2) + K^(1/2) . The output price is 100 and the price of each of the inpu..
If unemployment is high and spending is sluggish, what type of fiscial policy should be enacted? How would this be enacted via taxes? Via government spending? What is the intended effect of this policy on aggregate demand?
Illustrate what is the elasticity of demand if you raise the price of your airline's tickets by 6% also the number of tickets sold decreases.
In the early 1880’s cigarette-rolling machinery became available. Prior to this all rolling was done by hand. The machines dramatically cut the cost of rolling cigarettes. But they were not fully automatic—they needed the permanent presence of an ope..
Explain why the following are examples of monopolistic competition. There are number of fast food restaurant in town and they compete fiercely. some restauratheir hamburgeropen flames others fry their hamburgin addition some serve boiled fish sandwic..
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