Problem. A P45,000 loan at 10% compounded monthly is to be amortized every month a year. Find the monthly payment and construct an amortization table. Solution:

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: Why is the answer different to the answers for this question? The questions are all the same.

A: The questions are all not the same. Here is only one question. And rest are the option of the…

Q: A Fun-Size bag of M&M's contains 4 green, 3 red, 2 yellow, 3 orange, 4 blue, and 2 brown candies.…

A: Introduction: Probability is the state of being able to do something. It's a field of mathematics…

Q: What is opportunity cost and how can this concept be applied in real life?

A: In economics, opportunity cost is an important concept to study as it has significance in making…

Q: Write a summary of the fundamental concepts of economics.

A: The objective of this question is to provide a summary of the fundamental concepts of economics.…

Q: Do you see the rise of consumer power through evolving changes in technology? If so, how?

A: Technology is all that make things quicker, easier or cheaper. The rise in the technology leads to a…

Q: Jordan is calculating the worth of a computer by comparing its costs and benefits, including…

A: In economics, costs are the money and non-money spent on goods and services. These expenses include…

Q: What is economics? A social science that teaches one how to cope with scarcity. A discipline that…

A: Economics is a social science that deals with economic behavior and the problem of scarcity.

Q: Why will economics never be an exact science?          No sciences are exact.…

A: The question is asking why economics, as a field of study, cannot be considered an exact science.…

Q: Write a positive statement and a normative statement about your favorite hobby.

A: Positive statements are those statements in which we can answer with 'yes' or 'no' replies, whereas,…

Q: In many areas, the cost of real estate is increasing at an increasing rate. Many homes are being…

A: In a dynamic, free market, the mortgage lenders compete to acquire customers, which either increases…

Q: Show solutions to each problem: Write your answer on yellow paper and upload it. Write legibly and…

A:

Q: Base on your understanding illustrate what is economics

A: Similar, to other social branches of social studies, such as politics, geography, and history,…

Q: How does subjective value make “gains from trade” possible?

A: Subjective value is the importance an individual gives to a good, this value which he places is not…

Q: Identify a recent purchase that you made, recently, and determine how scarcity influenced your…

A: Scarcity refers to the finite existence of a resource, or commodity. Humans need a number of goods…

Q: Explain what you have learned (Scams) and how this topic will help you in the future in a…

A: Learning about scams in a microeconomics class has given me useful insights into the shadier sides…