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damaskus [11]
3 years ago
15

Suppose that you were born in 1998. also, suppose that your mother received a $100 baby shower gift at your birth. how much woul

d it cost to buy a similar amount of goods and services in 2013, given that the cpi was 163.0 in 1998 and 233.0 in 2013?
Business
1 answer:
Aliun [14]3 years ago
7 0
Using the cpi in 2013, of 233 and in 1998 of 163, divide 233/163=1.43 x 100=$143 the cost in 2013 of the same baby shower item as in 1998. In other words the purchasing power of the $1 decreased over this time period to account for this. 
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You want to buy a car, and a bank will lend you $15000. The loan will be fully amortized over 5 years(60 months), and the nomina
inysia [295]

Answer:

a) $ 333.67

b) 12.6825

Explanation:

a) The 333.67 amount is the payment per month without interest and of course interest will differ from month to month as the loan is amortized monthly. to get the payment using financial calculator its N= 60,  I/YR = 12%/12=0.01, 15000=PV, FV=O THEN COMPUTE PMT

OR use the formula pmt= PV/1-1/(1+rate)^time/rate

b) To get EAR = (1+ rate/ compounding)^compounding-1

(1+0.12/12)^12-1

6 0
3 years ago
An invention that raises the future marginal product of capital in a closed economy) would cause an increase in desired investme
Lostsunrise [7]

Answer:

A) right; increase

Explanation:

In the case of the closed economy when the marginal product of capital increased so it also increased the investment due to which the shifting of the investment curve is rightward and this will result in increase in the real interest rate

So as per the given situation, the option a is correct

8 0
3 years ago
Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by :__________
IrinaK [193]

Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27

<h3>How to find the opportunity cost</h3>

opportunity cost of Burritos

= 400 / 300

= 1.33

The opportunity cost of Tacos

300 / 400

= 0.75

For the tacos produced we would have

opportunity cost of tacos x opportunity cost that was incurred

= 36 * 0.75

= 27

Hence we would conclude by saying that Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27

Read more on opportunity cost here: brainly.com/question/1549591

#SPJ1

complete question

The complete question for this particular question is in the attachment (picture)

7 0
1 year ago
The product-variety externality is associated with the A. opportunity cost of firms exiting a monopolistically competitive indus
Viefleur [7K]

Answer:

The correct answer is letter "D": consumer surplus that is generated from the introduction of a new product.

Explanation:

Externalities are defined as the effects passed on third parties as a result of the actions of another individual or organization even if the third party has nothing to do with the operations of the individuals or entities. Externalities can be positive or negative.

The product-variety externality is an example of a positive externality. The product-variety externality takes place when a new product is introduced in the market generating a consumer surplus. Thus, end-users benefit from the variety of products available in the market even if that represents more competition for companies.

4 0
3 years ago
TMS just paid an annual dividend of $2.84 per share on its stock. The dividends are expected to grow at a constant rate of 1.85
bija089 [108]

Answer:

$41.39

Explanation:

Data provided in the question:

Annul Dividend paid, D0 = $2.84 per share

Growth rate, g = 1.85% = 0.0185

Rate of return required, r = 10.4% = 0.104

Now,

Current price of the stock at year 11 = D12 ÷ [ r - g]

= [ $2.84 × (1 + g)¹²] ÷ [ r - g]

=  [ $2.84 × (1 + 0.0185)¹²] ÷ [ 0.104 - 0.0185]

= 3.539 ÷ 0.0855

= $41.39

5 0
3 years ago
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