2.) 2. A loan of P2,000 is made for a period of 13 months, from January 1 to January 31 the followingyear, at simple interest of 20%. What is the future amount is due at the end of the loan period

Here T = 13 months R = 20% P = 2000

Answered: What is the future amount is due at the…

Business

Economics

What is the future amount is due at the end of the loan period

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: The following table pertains to Cheeseland, an economy in which the typical consumer's basket…

A: Inflation is defined as the increase in the level of prices in the economy. Inflation leads to…

Q: Few companies take the time to estimate the value of a good customer (and often spend little effort…

A: We are going to use Economic life of the cash flows approach to solve for this answer

Q: If the economy is producing Y = 18,000. Total Spending is not enough information to calculate total…

A: Aggregate expenditure is the total spending made in economy, including total consumption spending,…

Q: Assignmen-1: Forecasting Demand 1. With reference to the data in table below, Calculate the…

A: To calculate the projected demand for both commodities (Food and Electronic Machines) for the years…

Q: The income elasticities of demand for movies, dental services, and branded clothing have been…

A: The income elasticity of demand measures by how much the quantity of a decent or service changes…

Q: You are considering developing an 18-hole championship golf course that requires an investment of…

A: Initial Investment = 25,000,000 Maintenance Cost = 660, 000 annually (Increasing by 45000 annually…

Q: 2) NPV AND DVD RELEASE TIMING Until recently, a film was released on DVD many months after it was…

A: To calculate the Net Present Value (NPV) for each DVD release timing, we use the cash flows provided…

Q: 16 - What is the amount of capital that is not needed to realize the current level of production…

A: All the goods which are man-made and are being used in further wealth production are defined as…

Q: 4. Suppose an economy is described by the aggregate demand curve: M Y = 2000 +1.25 * G+2.5* P If Y*…

A: Potential GDP = 6000 for given G=1200 and P=1 Y is a function of G, P and M

Q: 11. (Industrial Unions)Why are unions more effective at rais- ing wages in oligopolistic industries…

A: 11. The industrial unions are the association of workers in the industry which will be formally…

Q: Leasing a car might be a good option for someone who O wants to customize their car O drives a lot…

A: Leasing a car means getting a car on rent.

Q: Find all pure strategy Nash Equilibria in the following games a.) Player 2 a1 a2 a3 b1 1,3 2,3 1,1…

A: The Nash equilibrium is a decision-making theorem within a game theory that states a player can…

Q: a) What is meant by MRP (marginal revenue product) with respect to property development? Explain how…

A: Marginal Revenue Product (MRP) is used to analyze the additional revenue generated by employing one…

Q: PS2(3)(a) Given: Consumer's Utility Function ? U= 4qx * * qy qx = Quantity Demanded for Goodx qy =…

A: From information,Equation for budfet line is: 10qx+5qy=60At optimum,MRS=px/py

Q: You are willing to pay $25 (but not a penny more) for a half-hour massage. At the end of your…

A: In the mentioned question we have been asked about the total utility and consumer surplus. Given for…

Q: (a) Reason out and show theoretically that except when individuals have quasilinear preferences,…

A: The quasilinear form is unique in that the demand operations for all but one of the consumption…

Q: (c) For each of the following situations relating to the demand for pizza: •identify the factor…

A: The equilibrium price and quantity of a good sold in the market are determined by the forces of…

Q: Assume that you have been admitted to two different university educations (A and B). Education A is…

A: With a high number of universities and a large proportion of young people, the market for…

Q: b. What would be the size of the monetary multiplier before the change in the reserve ratio?…

A: Given, Fed's reserve ratio is 10% and the economy is in a severe recession. From the table, at a…

Q: Consider an economic agent who is going to live for two periods. For each period, his utility…

A: Utility functionWhen Ct≤1000U=CtWhen Ct≥1000U=500+0.5*CtY0=1000risk free return= r

Q: 2. (T/F) The production of iPhone 15 can be characterized as decreasing returns to scale and is…

A: This can be described as a concept that shows when an individual, firm, or any entity uses an…

Q: e- Describe the market changes associated with the following event: Canadian producers decided to…

A: The decision by Canadian producers to shift the production of t-shirts to Honduras, where workers…

Q: 2.) JK Chemicals have just finished the construction of a new chemical manufacturing plant overseas…

A: In the question above, it is given that : J K Chemicals have just finished the construction of a…

Q: Given the following data, calculate Net Domestic Product (NDP) at market prices: Gross National…

A: Net Domestic Product (NDP) is an economic indicator that measures the total value of all goods and…

Q: None

A: Approach to solving the question:In economics, the primary goal of a firm is often assumed to be…

Q: Differentiate an Internal Rate of return with that of an External Rate of Return.

A: The internal rate of return ( or IRR) is a measurement utilized in monetary examination to gauge the…

Q: 2. (Production Function) Suppose you have a production function: Y = 10K¹/21¹/2 K represents the…

A: Marginal Product of labor: It tells how much additional output the firm can produce by employing an…

Q: 12. (6 mins) What is the expected utility (EU) hypothesis? What is the present Hiscounted utility…

A: Expected Utility refers to the weighted average of utilities associated with different scenarios…

Q: 2. Given the following information: U=XY; Px= 5; Py= 10; I = 200, a. mathematically_show the (i)…

A: * SOLUTION :- (6e) Given that , U = XY Px = 5 Py =10 I =200

Q: Number of Sellers: In a large city, two taxi companies own all the licenses that the city will grant…

A: The number of firms within the market shows the competition level in the market. If there are many…

Q: (S1) Banks charge larger bid/ask spreads than they would on less liquid, less traded currencies.…

A: When talking about bank's bid, it can be said that the ask bid is the bid at which banks offer an…

Q: (public good) Consider a sequential public good problem. A team of 5 players can build a bridge that…

A: Subgame perfect Nash equilibrium is considered to be an improvement over the Nash equilibrium. It…

Q: (True/False): According to the economic model of an efficient fishery harvest, a fall in the price…

A: The economic model of an efficient fishery harvest is primarily based on the concept of the "maximum…

Q: 2. Compute for the number of blocks that an ice plant must be able to sell per month to break-even…

A: Here Given , Cost of electricity 20.00/block. Tax to be paid 2.00/block. Real state…

Q: .(a) What important policy debates provide the background for Malthus’ work? (b) Explain…

A: Thomas Malthus was an economist and philosopher of the 18th century and mostly known for the model…

Q: limitations that make rational economic decisions more challenging.

A: Rational decision making- It is the process in which choices are made between two alternatives.

Q: 1. Given the following information: U= (1/3)X^Y*; Px = 6; Py= 6; I = 2,430, a. calculate the effect…

A: Disclaimer: The exponential power of Y in the utility function is not clear. I am assuming it is 4,…

Q: Suppose Canada's economy is in a long run equilibrium with real GDP equal to potential output Now…

A: Aggregate demand is the sum of consumption, investment, government spending and net export. This…

Q: 1.- What is the expected result on total energy consumption (quantity) when there is an increase in…

A: Note: In BNED, we answer only first question at a time. You can submit again to get answer for other…

Q: The top 1% of households in the United States contribute O a) more than 90% of all federal income…

A: A taxpayer is a person or business that is obligated to pay taxes to the federal government. The…

Q: Q2/ vocabulary: find the suitable answer 1- Para'cetamol is an. . remedy for headaches. AL effective…

A: The English is considered to be a comprehensive language, and is one of the most widely used…

Q: Each term (3 months) the current group of economics students completed a questionnaire as to how…

A: The marginal propensity to consume illustrates how much a consumer is willing to spend out of all…

Q: Explain how a recession can affect the aggregate demand of an economy. Your explanation should…

A: Each financial specialist ought to be acquainted with the fundamental laws administering the organic…

Question

2.)

2. A loan of P2,000 is made for a period of 13 months, from January 1 to January 31 the following
year, at simple interest of 20%. What is the future amount is due at the end of the loan period

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

4.
3. [Sometimes, it's useful to think about what fraction of a consumer's money they spend on each good, rather on how many units they buy. (a) Show that every x EX(p,m) can be written as x = f1(m/p₁,0) + f2(0, m/p2 ) + (1-f1-f2)(0,0) for some numbers f1,f2 20 with f1 + f2 ≤1. (b) Let f1 and f2 be as in part (a). Give an expression, in terms of f1 and f2, for the fraction pix₁/m of the consumer's money that they spend on good 1. (c) Let f1 and f2 be as in part (a). Give an expression, in terms of f1 and f2, for the fraction p2x2/m of the consumer's money that they spend on good 2
2. (a) What does the index of intra-industry trade measure and does it tell us anything about the total amount of trade? (b) There are two ways of measuring the degree of intra-industry trade within an industry: min (imports, exports) Index of intraindustry trade = 1 2 (imports + exports) -(lexpe (lexports - imports| exports + imports Grubel Lloyd index = 1 - Using the first formula, calculate the index of intra-industry trade for the U.S in 2014 for the products on Table 1. Using your answer in (b) above, what does the index of intra- industry trade of men's shorts, large passenger aircraft, telephones and golf carts tell us? (d) What are the two necessary conditions to obtain a high index of intra-industry trade?
A2) Economics Assuming that the government intends to adopt a ride-sharing scheme to solve the problem of rush hour traffic congestion, the ride-sharing scheme is therefore evaluated. Known: B0 = 0, Bt = 60, t = 1, 2,… (for a perpetual gain); C0 = 1,000, Ct = 0, t = 1, 2,…. Among them, t represents the year, and Bi and Ci are divided into the benefit and cost of the i-th year. Assuming that inflation and government taxation are not considered, if the discount rate is 5%, try to use the present value criterion, the internal rate of return and the profit-to-price ratio method to evaluate whether this multiplication plan is feasible?
15. (15 points) Suppose that the values of y are generated by the following equation: ŷ=a+Bx+e Where a and ẞ are unknown parameters and e is the random error. The table below gives the observed values of y and x for a sample of size 4. obs y x y น 2 1 24 24 10 10 1 6 9 = +Bxte 28-3+8+(0.5) 25 25 S 3 4 5 28 -8 7 -1 Consider the regression estimates of the unknown parameters a and ẞ: a 3 β 5 Fill in the missing values in the table. Calculate the sum of squared residuals and write it below. SSR =
III. PROBLEM SOLVING Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 Q 12 10 4 6 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell?
7. There are three (3) types of resumes: chronological resume combination resume functional resume Please to create an introduction and conclusion for these three types of resumes. thankyou. (business communication question)
2. (TRUE/FALSE) To economists, the amount of a resource stock in situ is an important measure of scarcity of the resource
5. (b) Are the following statements true or false? Justify your answer (simply saying true or false will carry no credit). i) "A labor market dominated by a single buyer achieves Pareto efficiency if the buyer operates as a perfectly discriminating monopolist". ii) "A cake is divided between two individuals; Pareto optimality requires that they receive equal shares".
please answer (i)(ii)(iii)
III. PROBLEM SOLVING Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 5. What is the Demand Function? 6. What is the Supply Function? 7. What is the Equilibrium Point? Q 12 10 4 6
22.) What percentage of France's electricity is generated by nuclear energy? a. 25 percent b. 50 percent c. 75 percent