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Economists assume that consumers attempt to maximize their utility based upon their preferences, income and price of commodities. do you see any weakness of the above are you aware of any example of irrational behavior by consumers(or yourself )?
Business Economics, Economics
At age 30 you decide to start saving for retirement. You wish to retire at age 65, and you expect to need an income of $2,500 per month for 25 years. If your savings earns an interest rate of 0.64% per month, how much wi ...
This weekend, Martha has time to read 40pages of economics and 30pages of sociology. Alternatively, she could read 10pages of economics and 90pages of sociology. Which of these equations describes all combinations of pag ...
A jewerly store paid a unit price of $250 less 40%, 16% , 8% for a shipment of designer watches. the store's overhead expenses are 65% of cost and the required profit is 55% of coat. a. What is the regular selling price ...
Discuss three ranges of the aggregate supply curve. Explain changes in the AD-AS macroeconomic equilibrium due to the aggregate demand shifts and due to aggregate supply shifts. Apply the AD-AS model to the two types of ...
In a random sample of 50 ?refrigerators, the mean repair cost was ?$146.00 and the population standard deviation is ?$17.80. Construct a 90?% confidence interval for the population mean repair cost. Interpret the results ...
A researcher records the repair cost for 8 randomly selected washers. A sample mean of $60.46 and standard deviation of $18.36 are subsequently computed. Determine the 90% confidence interval for the mean repair cost for ...
COWLAND COPR plans to issue equity to raise $49.3 million to finance a new investment. After making the? investment, COWLAND COPR expects to earn free cash flows of $10.4 million each year.? COWLAND COPR's only asset is ...
Describe five changes in the vaiables that will cause demand for a product to increase, shifting the demand curve to the right?
A random sample of 15 families of four traveling in Hawaii have a mean daily cost for meals and lodging of $627 with a standard deviation of $168. Answer the following to create 90% confidence interval for the true mean ...
You have an opportunity to buy a bond with a face value of $10,000 and coupon rate of 14%, payable semi-annually. NOTE: Interest per 6-month period is 7% of Face Value (i.e. $10,000x0.07 = $700 per 6-month period). (i) I ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As