EBK ECONOMICS OF MONEY, BANKING AND FIN
11th Edition
ISBN: 8220101336934
Author: Mishkin
Publisher: PEARSON
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Chapter 14, Problem 3Q
To determine
The effect on the checkable deposits.
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2.
a)
The Value of the Marginal Product of Labour in a local bakery is VMPL = 20 – 0.5L,
where "L" is the number of workers.
If workers' wages are $10 per hour, how many will the bakery hire?
b) What is the economic meaning of the value -0.5?
Question One
a) Calculate the determinant of matrix A. Show your work in steps:
A =
2013-2
-
-2 1 3 2 -1
1 0 1 2 3
3-12 4 -3
1 1 3 2 0
b) Prove row linear independence is necessary and sufficient to column linear
independence in the same matrix.
c) Derive the inverse matrix of matrix B. Show your work in steps:
[3 20 01
4
300
B =
0
0 6 5
LO
0 7 6]
Analyze replacing a commercial oven with $800 annual maintenance and a $3,000 salvage value with a new one for $15,000 and $300 annual maintenance. The company's MARR is 12% per year.
Chapter 14 Solutions
EBK ECONOMICS OF MONEY, BANKING AND FIN
Ch. 14 - Prob. 1QCh. 14 - Prob. 2QCh. 14 - Prob. 3QCh. 14 - Prob. 4QCh. 14 - Prob. 5QCh. 14 - Prob. 6QCh. 14 - Prob. 7QCh. 14 - Prob. 8QCh. 14 - Prob. 9QCh. 14 - Prob. 10Q
Ch. 14 - Prob. 11QCh. 14 - Prob. 12QCh. 14 - Prob. 13QCh. 14 - Prob. 14QCh. 14 - Prob. 15QCh. 14 - Prob. 16APCh. 14 - Prob. 17APCh. 14 - Prob. 18APCh. 14 - Prob. 19APCh. 14 - Prob. 20APCh. 14 - Prob. 21APCh. 14 - Prob. 22APCh. 14 - Prob. 23APCh. 14 - Prob. 24APCh. 14 - Prob. 25APCh. 14 - Prob. 1DAPCh. 14 - Prob. 2DAPCh. 14 - Prob. 1WECh. 14 - Prob. 2WECh. 14 - Prob. 3WE
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