Search & Filtering
whenever the total factor cost function and the total value of the product function are parallel to each other, profits will be maximized. is the statement true or false? explain
Danielle Debtfree is also a college junior. She has always been very cautious with money and thinks her friends with credit cards are crazy. She pays only with cash and debit cards, and while she knows she can handle credit cards given her frugal ways, she doesn’t want to ask her parents to sign off on a credit card for her, as she doesn’t turn 21 for a few more months.
For each of Danielle’s actions, mark whether you think that factor improves (+) or decreases (--) her credit score.
1) She currently has no credit cards
2) She has no loans outstanding
Questions:
1. What do you think Danielle’s credit score is (from a range of 300-850)?
2. Now, go to the myFICO Credit Score Estimator and use Danielle’s information to complete it. What is Danielle’s estimated credit score?
3. What does Danielle’s score say about her creditworthiness?
4. As her credit counselor, what recommendations would you make to Danielle to improve her credit score?
Individual's Saving Accounts
According to an article by CNBC, a new survey finds the median American household has $2,729 in a savings account in 2019 and 34% of Americans have nothing saved. What does this say about Americans financial management? How does the lack of saving impact other Americans?
Activity One - Financial Management
This module takes a look at financial management. This activity provides an opportunity to take an inventory of your own financial management.
Steps to Take
- Please take an inventory in detail all the methods or tools you use for managing your cash flows.
- Include all your accounts that are mediated through banks and finance companies.
- Please list your cards issued by banks, such as debit or ATM cards, and identify any direct deposits and automatic payments that are made through your savings and checking accounts.
- Do you think you might be able to further enhance your cash management through the use of banking tools?
Extra Directions: Respond to these promoters as if you were sixteen years old in high school as a sophomore student.
Find the slope of an assumed linear demand curve for theater tickets, when persons purchase 1000 at $5.00 per ticket and 200 at $15.00 per ticket
List ten goods without close substitute
Ndiyepano investments Ltd.is considering a project requiring an initial investment of $1billion and subsequent cash flows of 200 million, 300million, 400 million and 500 million. Shareholders of Ndiyepano investments require a minimum of 5% return on their investment. Evaluate the viability of this project using NPV and IRR
Problem two: Aluminium pricing
For this question, refer to the article from The Economist magazine titled “A coup in
Guinea adds fuel to aluminium’s red-hot rally”.
a) The article identifies a number of factors behind the recent increase in the price of
aluminium. Mention these factors and indicate whether they are demand-side or supplyside factors.
2
b) With the aid of a well-labeled diagram, illustrate the effects of the factors identified
in part (a) above on the equilibrium price and quantity of aluminium. Pay attention to
the statement in the article that “Supply constraints, however, have been more
important” when drawing your diagram.
For an enterprise, each worker gets $50 per day and the constant cost of this
enterprise is $300. Find the Average Product (AP), Marginal Product (MP),
Variable Cost (VC), Total Cost (TC), and Marginal Cost (MC). Show all of your
calculations. Explain the calculations of each.
Number of Labor
1
2
3
4
5
Total Product
3
6
8
10
11
Explain the fallacies of the following statement GNP is always greater than GDP
