10:55 All iCloud December 2, 2019 at 10:55 AM A village has five residents, each of whom has an accumulated savings of $50. Each villager can use the money to buy a government bond that pays 10% interest per year or to buy a year-old goat, send it onto the commons to graze, and sell it after one year. The price of the goat that the villager will get at the end of the year depends on the amount of weight it gains while grazing on the commons, which in turn depends on the number of goats sent onto the commons, as shown in table below. Assume that if a villager is indifferent between buying a bond and buying a goat, the villager will buy a goat. Number of goats Income per goat ($vear Price per 2-year old goat (S) on the commons 80 30 1 2 75 25 3 70 20 65 15 5 55 5 What will be the total village income if each villager decides how to invest based on his or her individual self-interest?

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Antonio and Caroline are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of alfalfa and barley each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barley or to produce alfalfa on some of the land and barley on the rest.   Alfalfa Barley (Bushels per acre) (Bushels per acre) Antonio 40 8 Caroline 28 7   ___________has an absolute advantage in the production of alfalfa, and __________  has an absolute advantage in the production of barley.   Antonio's opportunity cost of producing 1 bushel of barley is ____   bushels of alfalfa, whereas Caroline's opportunity cost of producing 1 bushel of barley is______   bushels of alfalfa. Because Antonio has a ______ opportunity cost of producing barley than Caroline,________ has a comparative advantage in the production of barley and_______ has a comparative advantage in the production of alfalfa.

Question 7 A project involves an immediate expenditure of $2 000, and will require additional expenditures of $150 a year for the next ten years, starting one year from now. After ten years it yields an income of $8 000, but a year later a further expenditure of $1 000 will be required to close down the project. What is its rate of return? 9% 10% 11% 12% 13% Save

Mary is a corn farmer in Iowa. If she does not irrigate his field, she can produce 120 bushels of corn per acre. If she applies 4 inches of irrigation water, she can produce 140 bushels of corn per acre. The application of 8, 12, and 16 inches of irrigation water can result in 160, 180, and 200 bushels of corn per acre, respectively. Graph the relationship between the amount of water applied and corn yield for Mary (Assume a straight-line relationship). Find and interpret the slope and Y intercept

6. A few months later, Mary is sick again but decides that she cannot afford to go to the doctor this time. Unfortunately, her condition worsens. She is hospitalized for two days and misses eight days of work. Her hospital stay, including medications, costs $2,500. How much does this hospital visit cost Mary (including deductible, co-pay, her 20% share of the cost, and missed work days)?

Pleas help with parts D and E

Dr. Smith, a new professor, makes $85,000 his first year. He is guaranteed 7 years of employment at the university. Each year his salary increases at a rate of 8 percent. The interest rate is 5 percent. Show Dr. Smith’s discounted stream of earnings over this seven- year period and use these figures to calculate the present value.