ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- How do I solve this?arrow_forwardQues 8and 9 pleasearrow_forward16. How prices allocate resources Suppose that there are three plots of mountain resort land available for sale in Niseko and six potential buyers, each interested in purchasing one plot. Assume that all of the plots are basically indistinguishable and that the minimum selling price of each is $400,000. The following table lists each potential buyer's willingness and ability to purchase a plot of land. Person Willingness and Ability to Purchase (Dollars) Felix 550,000 Janet 480,000 Larry 420,000 Megan 380,000 Raphael 340,000 Susan 330,000 Which of these people will purchase one of the three mountain resort plots? Check all that apply. Felix Janet Larry Megan Raphael Susan Now, assume that the three mountain plots have been sold to the people that you Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.arrow_forward
- If you deposited 6,000 SR before 3 years and now the bank gives you 7,500 SR, what is the interest rate that was given to you by the bank? O a. None of these b. 5.5% O c. 6.6% O d. 7.7% O e. 6.7%arrow_forwardAdam, a farmer, wants to buy a new equipment in three years from now. He expects that the price of the equipment will be $15000 in three years. Approximately. how much money should Adam put currently in his savings account if a bank pays 5% interest rate on that account? of Select one: O a. $12958 O b. $12465 O c. $19284 O d. $15928arrow_forwardKarrie's income varies directly as the number of days that she works. If she earns Php 9,000.00 in 15 days, how much will she earn if she worked 2 times as long?arrow_forward
- A real estate company expects to earn $100M on a project they plan to invest in, if the company decides to invest a quarter of that sum now, how much will they have earned in 18 periods at a rate of 9%? O a. 118 million O b. 471 million О с. 100 million O d. 443 millionarrow_forwardPlease show workarrow_forwardGive correct answer with explanation?arrow_forward
- A bond has a face value of $1000 and a coupon rate of 5.2%. What would the rate of return be if the bond was bought for $983.6 and sold one year later for $1008.5? Select one: O a. 8.61% O b. 8.24% O c. 7.82% O d. 7.21%arrow_forwardAntonio 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.arrow_forwardD3)arrow_forward
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