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Home Question Bank Economics Archive 2024 December 08

Economics Questions from Dec 08,2024

Browse the Economics Q&A Archive for Dec 08,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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Jse a calculator for this exercise. Suppose you purchase a car for a total price of , including taxes and license fee, and finance that amount for 5 years at an annual interest rate of . (Round your answers to the nearest cent (a) Find the monthly payment. (b) What is the total amount of interest paid over the term of the loan? bank had a BUY RATE of 0.2945 and SELL RATE of 0.3527 for Brazilian Reals. The hange rate was R C . How much commission does the bank charge if you ( in R to convert to Canadian dollars? Harry took a loan from the bank. represents Harry's remaining debt (in dollars) after months. What was the size of Harry's loan? A company is considering expanding their production capabilities with a new machine that costs and has a projected lifespan of 10 years. They estimate the increased production will provide a constant per year of additional income. Money can earn 1.18 per year, compounded continuously. Should the company buy the machine? Select an answer the machine Question 13 The strategy of buying term and investing the rest suggests that the insurance company should invest your money instead of having you invest it. relies on the fact whole life premiums are not significantly higher than term premiums assumes you do not have the financial self-discipline to save. is always the best financial approach. says that you should take the difference in premiums between a whole life policy and a term policy and invest it. An empigyee contributes of his salary to OPF, to UC and deducts of the rest as house rent. If his take home salary is \% 88,000 p.m., find his monthly gross salary. A company's decision regarding the degree to which it should vertically integrate or be more specialized is basically a trade-off between and reduced costs of production; increased sales greater efficiency in market power; reduced incentives for innovation pushing hold-up problems onto rivals; reducing incentives for growth over time eliminating the bargaining power of customers and suppliers; providing incentives for efficiency and profit Which is NOT an example of price discrimination? Students receive a discount at the batting cage when they show their university ID cards. Anyone wearing a costume receives free admission to a nightelub on Halloween, while non-costume wearing individuals must pay a cover charge. An exclusive golf club requires members to pay annual dues, but members receive discounted green fees (relative to nonmembers). The price of Procreate Pocket, a popular sketching and painting iPhone app, is . Custaners would be less loyal and nore price sensitive in which situation The swithing coots are low. There is only one seller in the market. The market's companies sell differentiated products. Customers are aware of the prices of all sellers. Economic profits encourage firms to ___ the industry, and losses encourage firms to ___ the industry. exit; enter enter; enter enter; exit exit; exit
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