You need P 4,000 per year for four years to go to college. Your father invested P 5,000 in 7% account for your education when you were born. If you withdraw P 4,000 at the end of your 17th, 18th, 19th, and 20th birthday, how much will be left in the account at the end of the 21st year?
Q: Consider a scenario of a closed economy in the short run where price level is fixed. Assume that…
A: Consumption reflects the total expenditure made on the goods and services consumed in an economy.…
Q: Price p* Pw A B Q's D S 1 D Quantity
A: In a perfect competitive market, forces of demand and supply set the equilibrium price. In a…
Q: The following graph shows the short-run aggregate supply curve (AS), the aggregate demand curve…
A: Macroeconomic policymaking covers economic policy, financial policy, policy on trade, policy on the…
Q: 2. American and Japanese workers can each produce 4 cars per year. An American worker can produce 10…
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…
Q: 4. In the economy of St. Maynard Island, autonomous consumption expenditure is $185 million, and the…
A: As per the guidelines answer is given to the first three questions: "Consumption function is a…
Q: ) wich of the following is not an assumption of the theory of monopoly? Group of answer choices…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: How does the market for inputs like labor differ from the market for goods and services? (Check…
A: In economics, the relationship between firms and households is explained by the circular flow of…
Q: Most systems of medical insurance substantially lower the out-of-pocket costs consumers have to pay…
A: Medical insurance is a type of coverage that provides financial protection against the cost of…
Q: The following table shows supply and demand schedules for the British pound. Assume that exchange…
A: An individual’s willingness to pay for each unit of the quantity he or she wishes to consume is…
Q: The human-capital model predicts that people move when O the net gain, including moving costs, to…
A: Human capital refers to the skills, knowledge, experience, and attributes that individuals possess,…
Q: 1. Explain the relationship between consumption, disposable income and saving.
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: of firm XYZ is S (Enter your response rounded to the nearest dollar.)
A: Given, A firm XYZ produces and sells calculators Plant worth = $2,500,000 Worth of plant…
Q: Determine the combination of input factors K, L that minimizes the cost of producing Q. Q(K, L) =…
A: A production function is a mathematical portrayal that shows the connection among inputs and outputs…
Q: Give typing answer with explanation and conclusion In an effort to curb planetary obesity,…
A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…
Q: On May 4, 2023, the US Central Bank Chairman, Jerome Powell, announced an increase in the interest…
A: The central bank of a nation is the monetary authority in responsible for keeping track of and…
Q: Question #22 In the following question, D(x) is the price (in dollars per unit) that consumers will…
A: At equilibrium, price demanded and price supplied are equal
Q: Draw the following four graphs with an economy experiencing an inflationary gap: money market,…
A: An inflationary output gap is a situation in which the actual output of an economy is greater than…
Q: Draw a correctly labeled graph of the soybean market, and show each of the following. (i) The…
A: DISCLAIMER "Since the question you have posted has multiple parts, we will answer the first three…
Q: Assume that people decide to hold more money as cash instead of investing or depositing it. W…
A: The money multiplier is a concept that measures the potential expansion of the money supply in an…
Q: Disney+ entered the streaming market in November 2019. How did its entry influence the demand for…
A: The entry of Disney+ into the streaming market in November 2019 had a significant impact on the…
Q: The expenditure approach to GDP is Select one: A. GDP =C+IR + G + X B. GDP =C+I+G+ NX C. GDP = C+U+G…
A: The expenditure approach to GDP measures the GDP level through the expenditure. The expenditures on…
Q: What is the meaning of bail-in and bail-out? What are the pros and cons of using bail-in to resolve…
A: Bail-in and bail-out are terms used in the context of resolving financial crises, mainly related to…
Q: Q1: A company is going to install a new asphalt plants. Three different type of plants are…
A: For the P.W.C (present worth of cost), the service life of all alternatives either equals or takes…
Q: Regarding the Financial Crisis that resulted from the Covid pandemic. A) Analyze what lead up to…
A: Monetary policies are the policies which are framed and implemented by the central bank of the…
Q: Which of the following is likely to impose a large excess burden (deadweight loss)? Why or why not?…
A: Deadweight loss occurs when the price of quantity of output deviates from the socially optimum…
Q: What is the value of producer surplus? What is the value of deadweight loss? Assume that the firm…
A: Monopoly firm refers to the single firm in the market. There is no difference between industry and…
Q: The supply of PPE in South Africa depends on the willingness and ability of consumers to pay for it.…
A: Willingness to pay (WTP) refers to the maximum amount of money or value an individual or consumer is…
Q: Explain how and why we need to extend the standard Solow model of long-run economic growth without…
A: The Solow model, otherwise called the Solow-Swan growth model, is an economic model of long-term…
Q: Consider the following regression output where the dependent variable is earnings (measured in…
A: The general form for the regression equation is given as: earnings = β1 ^ + β2 ^weight
Q: Which of the following is a characteristic of a monopoly? Responds to changes in the market price.…
A: Our of the 4 important market structures, monopoly is one of those. It is a market whereby there is…
Q: A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve…
A: A reserve price is a least price that a seller would be willing to accept from a purchaser. In an…
Q: In the standard human capital model, the optimal schooling level is the amount a schooling at which…
A: Expenditures on training and education can be considered as an investment in human capital such as…
Q: The following graph illustrates the effect of a price increase from $4 to $6. Highlight the area of…
A: A demand curve represents the relationship between the amount required and the price of a good…
Q: Determine whether the production functions exhibit, increasing, constant, or decreasing returns to…
A: Increasing returns to scale is when the increase in input by 'm' times increases the output by more…
Q: At what price would a U.S. customer be charged when buying a new BMW? Please do not put a separation…
A: The company BMW is a profit-maximizing entity. Given the demand and cost functions for the United…
Q: An externality arises when a firm or person engages in an activity that affects the wellbeing of a…
A: The benefit or cost of an economic activity incurred by a third party who is not involved in the…
Q: Below is a table with US labour market data (in thousands): 1998 Working-age population 205, 220…
A: ***Since the student has asked to solve a specific part(s) of the question, hence, the expert is…
Q: Illustrate and explain two special cases of production functions: (1) Inputs to production that are…
A: A production function is a mathematical portrayal that shows the connection among inputs and outputs…
Q: Draw a demand curve for hotdogs. Label it D1. Draw a second demand curve for hotdogs that shows the…
A: An individual’s willingness to pay for each unit of the quantity he or she wishes to consume is…
Q: of the following is an effective fiscal tool to control inflation in boom times? a) Reducing…
A: Fiscal policy refers to a policy of the government which involves changes in taxes and spending to…
Q: The owner of a Production Company intends to increase the output of his/her firm by purchasing a new…
A: * Net present value is discounted value of future cash flows for any alternative . Alternative…
Q: Suppose GDP is $800 billion, taxes are $150 billion, private saving is $50 billion, and public…
A: Macroeconomic identities are simple equations that reveal exactly how macroeconomic variables…
Q: Compare and contrast an industrial economy to a postindustrial economy. Please also give an example…
A: An industrial economy and a postindustrial economy represent two distinct phases of economic…
Q: 25 es A firm's long run total costs are given in the table below. Instructions: Round your answers…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first three question for you.…
Q: A researcher who ignores ability bias tends to over-estimate the return to schooling because the…
A: Labor economics refers to a part of economics that spotlights on the investigation of how people,…
Q: Provides a summary of the research findings on Examining the Relationship Between Entrepreneurial…
A: Economic Complexity: Economic complexity alludes to the level of diversity and sophistication of a…
Q: You are deciding whether to buy a bond. The bond will pay out $1,000 in 5 years. But there is…
A: The expected value of an investment is the average of the possible values, weighted by their…
Q: https://www.youtube.com/watch?v=kubGCSj5y3k please I need a short summary of this video
A: Currency alludes to an arrangement of money that is perceived as a medium of exchange inside a…
Q: Banner and Sense are Bertrand competitors producing identical gascolators. The inverse market demand…
A: Bertrand competition is a type of economic model that analyzes the behavior and interaction of firms…
Q: Explain what the ability bias is when estimating the returns to schooling. How does it affect the…
A: Ability bias refers to a potential distortion in estimating the returns to schooling due to…
Step by step
Solved in 3 steps
- Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.Jake Werkheiser decides to invest $5000 in an IRA at the end of each year for the next 11 years. If he makes these investments, and if the certificates pay 9%, compounded annually, how much will he have at the end of the 11 years?QUESTION 1 Muhammad takes out a loan of $ 2,130, at 8% simple interest, for 8 years. How much will he pay back at the end of year 8? QUESTION 2 Calculate the amount of interest on an investment of AED 103,971 at 8% simple interest for 5 years. QUESTION 3 If you deposit today $7,335 in an account for 6 years and at the end accumulate $10,885, how much compound interest rate (rate of return) you earned on this investment ? QUESTION 4 You will deposit 12,025 at 10% simple interest rate for 9 years, and then move the amount you would receive to an investment account at 12 % compound rate for another 3 years. How much money would you have at the end of the entire period ?
- Rafael invested $2,000 in a business that yields an annual interest rate of 10% compounded continuously. How much would he get. approximately at the end of 5 years from his investment?Suppose you are considering working at a local coffee shop 5nights a week. You expect to save $125 a month from the jobafter meeting all your expenses. To be eligible for the job youmust undergo a week’s work training at the coffee shop.Assume the training costs you $100.Suppose you plan to workthe next 9 months there and you can borrow and lend moneyat an annual rate of 6% compounded monthly.What is the net present value of this work to you?John paid $500 per month for 20 years to pay off a mortgage on his house. If his down payment was $5,000 and interest rate was 6% compounded monthly, what was the purchase price of this house? do it fast
- Jane deposits $5,000 in a bank account that earns 6% interest compounded semi-annually. How much money will she have after 10 years?Suppose you deposited $200 at the end of every year for seven years in an account that earned 6% annual effevtive interest. At the end of seven years, how much would the account be worth?QUESTION 4 You will deposit 18,285 at 10% simple interest rate for 6 years, and then move the amount you would receive to an investmen. account at 12 % compound rate for another 3 years. How much money would you have at the end of the entire period ?
- 100,000 invested today in a fund that pays 25% interest compounded annually. 3 yrs later, you borrow 50,000 with interest of 20% annually in a bank and invest to the fund. 2 yrs later, you withdraw enough money from the fund to repay the bank loan and all interest due on it. 3 yrs from this withdraw you start taking 20,000 per year in the fund. After 5 withdrawals, you withdraw the balance in the fund. How much was withdrawn? a. 1.9 Million b. 1.3 Million c. 1.6 Million d. 1 MillionIf a bank says that it has a 5% nominal interest rate, but money is compounded monthly in that bank, what is the effective annual interest rate? What is the value of an account 10 years after it started? The initial balance in the account was $5000, and the account has 5% annual interest rate that is compounded monthly.You deposit $10,000 in a fund that pays compound annual interest equal to 3%. One year later the interest rate changes to 4%, 2 years later the interest rate changes to 5%, and 3 years later the interest rate changes to 6%. How much will you have in the fund after 4 years if you withdrew $2,500 at the end of each of the previous 3 years?