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Suppose that annual income from a rental property is expected to start at $1,300 per year and decrease at a uniform amount of $50 each year after the first year for the 15 year expected life of the pr
On January 1, 2007, Shaffer Co. purchased inventory for $1,000 cash. These goods were sold on April 30, 2007 for $1,400 cash. The company can currently earn 3% interest on an account at a bank.
Suppose a competitive market consists of identical firms with a constant lon-run marginal cost of $10. (There are no fixed costs in the longrun) The demand curve is given by q=200-p
Do you advocate an active or passive policy approach? Why? Why might an active policy approach be more popular than a passive approach, especially during a recession?
Why does a temporary increase in the real wage increases the amount of labor supplied, but a permanent increase may decrease the quantity supplied. Condiotions of this too happen too.
What are the relationships between these basic units? How does a circular flow diagram illustrate these relationships?
What if The heuser company currently outstanding bonds have 10percent coupon and a 12 percent yeild to maturiity and a mariginal tax rate of 35 percent what is the after tax cost of debt?
Suppose the government spends more on building new infrastructure. Assume that the new infrastructure projects are useful and make the economy more efficient. What is the effect on the long-run level
"Anjali and Sanu are married, and Sanu is the breadwinner. Anjali provides 4 non-market hours of service daily, and her productivity at home is $15. Sanu's earnings are $20/hour, and his productivity
Suppose two parties agree that the expected inflation rate for the next year is 3%. Based on this, they enter into a loan agreement where the nominal interest rate to be charged is 7%. If inflation fo
Suppose you purchase a 3-year, 5-percent coupon bond at par and hold it for two years. During that time, the interest rate falls to 4%. Calculate your annual holding period return. Assume that the cou
If the price of a one bedroom apartment in Washington DC is currently $1000.00 per month is there a shortage or surplus of apartments if the equilibrium point is price $1100.00 and quantity of apartme
If the price elasticity of demand is 2 in absolute value, then when the price of a good x rises 25% the correct answer is the greater demand of good falls by 50%. Can you explain how they got thi
If the elasticity of demand for spring break packages to cancun is -5 and if you notice that this year in cancun the quantity packages demanded increased by 10% then what happened to the price of canc
The value of a home depends in part on how attractive other homes and yards in the neighborhood are. How do local zoning ordinances try to promote land uses that generate external benefits for neighbo
If an alternative has monthly payments of $10,000 a month for three years with a purchase price of $75,000 at the end of year three, what would the cash flow diagram look like?
Suppose the price of the good is initially $100. What is the price elasticity of demand at this point? (Hint: What happens to the quantity demanded when the price drops by 10%?)
Suppose an individual's marginal rate of substitution is three slices of pizza for one beer at the present bundle of beer and pizza she is consuming. If the price of beer is $1.00 and the price of a s
Brad can fix the same kind of meal in 2hours, and his opportunity cost of one hour is $20. Will both Angelina and Brad be better off if Brad fixes meals for her and she pays him $45 per meal? Explain
If the input costs are rising at teh same time that consumer income is falling, what will happen to the equilibrium price and quantity?
Margaret has a project with a 28000 first cost that returns 5000 per year over its 10 year life. it has a salvage value of 3000 at the end of 10 years. if the marr i 15%, what is the annual worth of t
The federal budget: economy What is the impact of "G" policy ?
Gene Milton borrowed today a sum of $5,000 from his uncle Ben and at the end of year three paid a sum of $5,000 and paid another $1,000 at the end of year four to pay off the loan.
If the gross national debt initially is equal to $2.5 trillion and the federal government runs a deficit of $100 billion.
In today's market, Ford and Chevrolet produce small cars that are designed to compete with Korean made small cars. The American cars are slightly larger and slightly more expensive.