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Have you thought about starting your own business? What opportunities seem attractive? What type of financial resources and personal skills would you need to launch a new business? How would you obtain these financial skills and personal resources?
Business Economics, Economics
What is the difference between accounting costs and economic costs? Why do economic costs include both explicit (revealed and expressed) costs and implicit (present but not obvious) costs? What are the differences betwee ...
In an inquiry into the nature and causes of the wealth of nations, Adam Smith listed three reasons for productivity to increase with specialization. What are these three reasons?
Why does the marginal cost curve always intersects the average total cost curve and AVC?
Consumer product manufacturers commonly include customer satisfaction surveys on product warranty cards that are sent back to the company. An outdoors company redesigned a popular camping tent, and it wants to know wheth ...
The average cell phone bill is 78 with a standard deviation of 10. What is the minimum percentage of cell phone bills that will be between 54 and 102?
Thirty-five percent of teens buy soda (pop) at least once each week. Eleven kids are randomly selected. The random variable represents the number of these kids who purchase soda (pop) at least once each week. For this to ...
Under what circumstances would LRAS and SRAS have the same slope?
If the probability of either outcome A or outcome B arising during a single random process is 0.4 and we also know that the probability of outcome A is 0.2 while the probability of outcome B is 0.3, how are these two out ...
Ernie's utility function is U ( x , y ) = 32 xy . He has 10 units of good x and 8 units of good y. Waldo's utility function for the same two goods is U ( x , y ) = 3 x + 5 y . Waldo has 9 units of x and 13 units o ...
1. The following table shows the prices and quantity demanded of Alberta wheat in 2014 and 2015. The change in 2012 resulted from exceptional weather, resulting in a bumper crop. 2014 2015 Bushels demanded 1.74 billion 1 ...
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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