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True or False Question Related to Consumer
"1. Mike spends all his income on tennis balls and basketball tickets. His demand curve for tennis balls is elastic. Tr«, or false: If the price of tennis balls rises, he consumes more tickets. Explain. 2. At current prices, housing costs $50 per unit and the composite good has a price of $1 per unit. A wealthy benefactor has given Joe, a penniless person, 1 unit of housing and 50 units of the$5.99
Analysis of Interest Rate Charged by Various Institutions in a Low Income Country
Select any low income country (or countries) on which you can find data on the following (a web search should yield you the required information) a. Interest rates charged by formal banks for loans b. Interest rates charged by Grameen (Bangladesh) type micro credit schemes for their loans c. Interest rates charged by private money lenders (e.g. pawn shops, retail boutiques in towns and villages,$5.99
Calculation of Health Expenditure on Insurance
(a) Jermaine has a health insurance policy that has a deductible of $1,000, a $10 copayment on doctor visits, and coinsurance of 10% on all expenses other than those for which there are copayments. If Jermaine went to the doctor 4 times (doctor's fee is $40 per visit) and had a surgery that cost $2,000, how much of these expenses did Jermaine pay directly?$5.99
Calculation of Future Value of the Various Annuities
Calculate the present value of the following: a. $7700 to be received three years from now with a 5% Interest rate b. $1500 to be received five years from now with a 7% interest rate c. $7200 to received two years from now with a 11% interest rate d. $680,000 to be received eight years from now with a 9% interest rate.$5.99
Find the Inverse Probability for Normal Distribution
Suppose the scores, x, on a college entrance examination are normally distributed with a mean of 550 and a standard deviation of 100. A certain prestigious university will consider for admission only those applicants whose scores exceed the 90th percentile of the distribution. Find the minimum score an applicant must achieve in order to receive consideration to the university.