You have taken out a $225,000, 3/1 arm. the initial rate of 5.8% (annual) is locked in for three years and is expected to increase to 6.5% at the end of the lock period. calculate the initial payment on the loan. (note: the term on this 3/1 arm is 30 years.)

Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.