supply of land: Q = 10 (acres of land). Farmers ' demand for land: Q = 50 - р. The increased demand for food increased the demand for land to Q = 100 - р.Determine how much the land rent has increased if the bank interest rate has decreased from 10% per annum to 5% per annum, and the fee for invested capital and depreciation charges have not changed.

You have recently learned that the company where you work is being sold for $500,000. The company's income statement indicates current profits of $15,000, which has yet to be paid out as dividends. If the company is a 'going concern' indefinitely and profits are assumed to grow at a rate of 3%, what is the assumed opportunity cost of funds?

If a 2​-percent increase in the price of corn flakes causes a 10​-percent decline in the quantity​ demanded, what is the elasticity of​ demand?

The formula M(t) = 1.14t + 13.21 gives the approximate total revenue for a corporation, in billions of dollars, t years after 2000. The formula applies to the years 2000 through 2013. (a) Explain in practical terms the meaning of  M(5). The expression M(5) is the total revenue for the corporation, in billions of dollars, in 2005.The expression M(5) is the year in which the corporation will earn 5 billion dollars.    The expression M(5) is the total revenue for the corporation, in billions of dollars, in 2013.The expression M(5) is the year in which the corporation will earn 5 billion dollars more than it earned in 2000.The expression M(5) is the total revenue for the corporation, in billions of dollars, in 2000. (b) Use functional notation to express the total revenue for 2010. M        (c) Calculate the total revenue in 2010.  billion dollars