Jill took $50,000 that she had in savings and started her own business. If left in investments, she would have earned $5,000 this year. Jill also left a job that paid her $70,000 a year and plans on paying herself $40,000. Materials and other labor costs will be $80,000. The company is located in a building that Jill owns. She has an nsurance and mortgage payment of $20,000. She could have rented the building out for $40,000. What are the accounting and economic costs? The accounting cost is $ and the economic cost is $
Q: You are offered the choice of two payment streams: (a) $150 paid one year from now and $150 paid two…
A: Given:(a) Payment Stream:$150 paid one year from now$150 paid two years from now(b) Payment…
Q: income
A: Income Effect:The income effect is the exchange in the quantity demanded of a terrific due to an…
Q: Consider the job search behavior of an unemployed worker. There is a wage offer distribution, which…
A: A wage offer distribution serves as a statistical depiction illustrating the probability associated…
Q: In Minland, the central bank lowers the interest rate from 5 per cent a year to 3 per cent a year.…
A: A percentage of the amount charged on borrowers' money is referred to as an interest rate. The…
Q: You have read all the time that trade brings net benefits to nations open to it. But are there any…
A: The exchange of goods and services across international borders is called international trade. To be…
Q: Suppose that income grows at 2% per year and E=0.5. Using this information and the given data, fill…
A: This concept can be described as the amount of money or resources that a person or a business…
Q: Legacy Solution A21. Which of the following statement correctly describes 'depreciation' ? (a) It is…
A: The problem asks you to correctly describe 'depreciation,' which is a financial concept related to…
Q: Logan and Berkeley havea thriving dog grooming business which operates 5 hours a day for 4 days a…
A: We would apply financial analysis principles to evaluate the feasibility of hiring a second dog…
Q: How do i draw a kinked demand curve to represent Tesco's success in an oligopolistic market
A: In an oligopolistic market, a kinked demand curve is a graphical representation that reflects the…
Q: interest rate as compared to a bond of an Eastern European government. You would expect a bond of…
A: Bond is a debt instrument issued by a firm or the government of a country to raise money in…
Q: Consider the graph below. Suppose qMC = 400, pMC = $10, and ATC= $12 at 400 units. Is the…
A: Monopolistic competition refers to the market organization in which there are many sellers of a…
Q: = Suppose in a Solow model, we have the following parameter values: n=0, s = 0.2, a = 0.33. There is…
A: The total capital stock did not change for two periods. Thus, The economy at the steady state is The…
Q: 7. The long-run supply curve indifferent cost industries The following graph shows the market for…
A: The long-run supply curve represents the relationship between the quantity of a good or service that…
Q: the typical firm in a monopolistically competitive industry is in the situation as depicted in the…
A: A monopolistically competitive firm produces at the intersection of MR and MC curves to maximize…
Q: Aaron, an insurance agent, meets with his long-time client Samantha, a 59-year-old paralegal because…
A: NOTE:- “Since you have posted multiple questions, we will provide the solution only to the first…
Q: Marc has £1000 to invest, and is offered the chance to invest in a startup. restaurant. After…
A: In economics, risk aversion demonstrates an individual's preference for certainty over…
Q: What are the economic effects of a new technology that makes it easier for firms to produce goods…
A: Production basically alludes to the most common way of making goods and services to fulfill human…
Q: (a) Suppose the natural rate of unemployment for the economy is 5 percent and the economy is…
A: Unemployment refers to the state of a person or individual who is actively looking for job or work…
Q: When a realtor helps with a property transaction, they are compensated by taking a certain…
A: Gross domestic product is a fundamental economic indicator that reflects the total value of all…
Q: Prove that every trembling-hand perfect equilibrium (for the agent normal form) is sequential. Show…
A: Disclaimer:- Since you asked mulitple question we are solving only the first one as per guidelines.…
Q: Securities with less predictable prices and have longer maturity time is considered as A. cash…
A: Economics is a social science that studies the production, distribution, and consumption of goods…
Q: Suppose the government wants to reduce the total pollution emitted by three local firms. Currently,…
A: The total cost may carry nuanced interpretations contingent upon the context, yet it generally…
Q: How might profit regulation lead to rising prices for consumers? A. Cost information is not easy to…
A: Profit regulation, especially in industries with natural monopolies, aims to control the profits…
Q: The Village of Lake Meyer has 250,000 people. There are 180,000 people working and 10,500 people…
A: The objective of the question is to calculate the number of people who are cyclically unemployed in…
Q: Refer to Figure 8-9. The imposition of the tax causes the quantity sold to a increase by 20 units.…
A: In economics, market equilibrium refers to a state in which the supply of a good or service exactly…
Q: 4- A noncompetitive firm with the production function Q=0.5-√ī faces the following demand function…
A: Profit refers to the revenue that a firm or seller of a good or service earns over and above what it…
Q: The central economy in market research is solved by. (a) Demand for goods (b) Supply of goods…
A: Understanding how economies function requires a grip of the mechanisms that dispense assets and…
Q: Below is the market for organic strawberries. Shade total consumer surplus (CS) on the graph by…
A: The demand curve represents the quantity demanded by consumers at different price levels.The supply…
Q: Consider an economy in which there is one consumer born at the start of each time period. Each…
A: A finite economy is one that has limited resources and has a known endpoint. An infinite economy is…
Q: If marginal revenue is $9, how much output will the firm produce, and how much profit will it make?…
A: In perfect competition, There exists a large number of buyers and sellers. The firm will produce…
Q: Which among the following is the quantitative method of credit control by the Central Bank? (A)…
A: In the domain of money related strategy and monetary guideline, central banks utilize different…
Q: www hala ** Shetty Mark A Betty Market Refer to Exhibit 27-7. The exhibit shows two markets in which…
A: The labor demand curve represents the quantity of labor demanded by firms at different wage…
Q: Consider the Keynesian sticky wage model. Consider a temporary increase in current produc- tivity,…
A: The Keynesian Sticky Wage model, a concept in macroeconomics, suggests that wages exhibit gradual…
Q: Question: What is the aggregate of the gross balances of primary income of all resident…
A: National income:It refers to income earned from producing goods and services in an accounting year.…
Q: 2. (a) Explain a situation where demand conditions cause trade patterns that violate the…
A: The Heckscher-Ohlin theorem is an economic theory that explains international trade patterns based…
Q: The relation of foreign debt/GDP of country Indebted is 60%, given that the greatest part is…
A: The summation of a country's goods and services is called its gross domestic product. GDP is an…
Q: How much can a paid tax return preparer be penalized per violation for failure to sign tax returns…
A: Paid tax return preparers are legally required to sign the tax returns they prepare. Failing to do…
Q: When a government runs a deficit, it _________ a. It cuts fundings for defense and uses the money to…
A: The objective of the question is to understand what happens when a government runs a deficit.
Q: marginal net benefit
A: In the realm of economics, Marginal Net Benefit (MNB) signifies the contrast between the added…
Q: Determine to the nearest percent the IRR of the following projects: a. An initial outlay of $10,000…
A: To determine the Internal Rate of Return (IRR) for each project, we need to find the discount rate…
Q: IC OM B D Life/years $420,000 $45,000 $110,000 $20,000 10 Z $540,000 $35,000 $260,000 $45,000 20 W…
A: Benefit Cost AnalysisBCA is a method for calculating the future risk reduction benefits of a hazard…
Q: The citizens of Ruritania are prodigious consumers of marmite. They can buy it from one of two…
A: There are two sellers in the market name OCP and Umbrella Corporation. Now, both the sellers sell…
Q: Suppose the economy is in medium-run equilibrium. If the risk premium increases from 3 3 to 4%, how…
A: It is given that the economy is in medium rum equilibrium, it refers to a state where the economy…
Q: “Economics of Monopoly Power”Please respond to the following:From the first e-Activity, take a…
A: Taking business decisions and allocating resources in the face of challenges is part of business…
Q: Total population Population aged 0-14 Population aged 65+ Labour force Number of unemployed persons…
A: The objective of the question is to calculate the employment to working-age population rate. This…
Q: - Refer to the information provided in Figure below to answer the question(s) that follow. Units of…
A: Isocost curve is the curve where each point of the curve shows the same total cost. The isoquant…
Q: Use the AD/AS model below to answer the following questions. In each case, assume the economy starts…
A: The AD/AS model, an acronym for Aggregate Demand/Aggregate Supply model, serves as a fundamental…
Q: If the price of each calculator is $11, find the profit maximizing wage as a function of number of…
A: The profits are defined as the revenue that the producer earns over and above the cost that is…
Q: (1) Please explain how to measure the utility increment of consumers combined with graphics: CS + CV…
A: The objective of this question is to understand how to measure the utility increment of consumers…
Q: (a) Suppose the price level in an economy rises while the money wage rate remains constant. What…
A: ***Since the student has posted multiple questions, the expert is required to solve only the first…
Step by step
Solved in 3 steps with 6 images
- Jill took $40,000 that she had in savings and started her own business. If left in investments, she would have earned $4,000 this year. Jill also left a job that paid her $50,000 a year and plans on paying herself $30,000. Materials and other labor costs will be $60,000. The company is located in a building that Jill owns. She has an insurance and mortgage payment of $10,000. She could have rented the building out for $20,000.Worksheet B-Plan to Save You will need to spend money to achieve most of the long-term goals you set in your life. It could be money to pay for your education, buy a house, raise a family, travel, start a business, and so on. Because you need money to achieve your most valued long-term goals, you also need to create a savings plan as a part of your overall financial plan. Saving is not something that just happens for most people. It is the result of careful planning and controlled spending. Consider Walter, who would like to save $300 per month toward the purchase of a home. Walter's income and spending in the past month are shown below. Use this information to answer the questions that follow. Walter's Income and Spending Income Spending Gross Wages $3,500 Rent/Utilities $728.86 Таxes (830.00) Food 338.32 Interest Earned 60.00 Clothing 175.42 Stock Dividends 120.00 Transportation 425.61 Net Income 2,850 Loan Payments 299.00 Entertainment 400.92 Insurance 231.42 Other 250.45 1. How…You’re trying to save to buy a new $245,000 Ferrari. You have $50,000 today that can be invested at your bank. The bank pays 4.6 percent annual interest on its accounts.How long will it be before you have enough to buy the car?
- On November 4, you get a boat loan. Your first payment is due December 4. You write out your check on December 1, drop it in a mailbox on December 2, it gets postmarked on December 3, and the lender receives it on December 6. For how many days is interest calculated?Why should you talk to your banker before beginning to look for a home? to get a building inspector lined up to be declined for a loan to figure out how to go broke buying a home to get pre-approved for a mortgageDennis is planning to invest his money to earn more. He is willing to take a little risk by buying incomeearning assets to help him earn more. However, he wanted to make sure that when he needs the money he invested, he will be able to get part of it immediately. What type of investment would you advise Dennis to buy? Why?
- Plan to Save You will need to spend money to achieve most of the long-term goals you set in your life. It could be money to pay for your education, buy a house, raise a family, travel, start a business, and so on. Because you need money to achieve your most valued long-term goals, you also need to create a savings plan as a part of your overall financial plan. Saving is not something that just happens for most people. It is the result of careful planning and controlled spending. Consider Walter, who would like to save $300 per month toward the purchase of a home. Walter's income and spending in the past month are shown below. Use this information to answer the questions that follow. Walter's Income Income Spending Net (after tax) Wages $2,850.00 Rent/Utilities S751.76 Interest Earned $64.07 Food $348.32 Stock Dividends $120.00 $239.42 Clothing Transportation $499.61 Loan Payments S299.00 Entertainment $454.92 Insurance $231.42 Other $273.45 4. Which types of spending could Walter…part f and part g pleaseYou are looking for a car to lease. Your income is $3,000 per month, and you know that you should not spend more than 20 percent of your income on a car payment. You have found four deals in the table below. options Location Monthly Rent Toyota Camry $400 Lincoln MKZ $660 Ford Fusion $380 BMW 740 $720 Instructions: In order to receive full credit, you must make a selection for each option. For the correct answer(s), click the box once to place a checkmark. For the incorrect answer(s), click the option twice to empty the box. Suppose you adhere to the 20 percent guideline but also receive a $100 monthly allowance from your parents towards your car payment, which option(s) fall within your budget? Group of answer choices Toyota Camry Lincoln MKZ Ford Fusion BMW 740
- At the end of the month, you have only $20 left in your checking account. You deposit your $200 paycheck from your part-time waltressing job, but the restaurant is not doing well and your paycheck bounces. Your bank holds you accountable and charges you $54 for depositing a bad check. What is the balance of your checking account after attempting to deposit your bad paycheck? (Negative amount should be indicated by a minus sign.) Balance of checking account.SIMPLE INTERESTYou are choosing between buying a home or continuing to rent.You value the home at $1,000,000 (one million dollars) over the course of your life.The home will cost $600,000, which includes the $400,000 price tag for the house itself,$100,000 in mortgage interest payments, and $100,000 in repair costs.You value the apartment you'd live in at $800,000 over the course of your life, and it will cost$500,000 in rentWhat is the economic surplus of buying the house? Don't include commas or dollar signs inyour answer.