LABOR ECONOMICS
LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
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Chapter 8, Problem 4P
To determine

Determine whether the friends are deciding to move or not.

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Dana was dating Wade, a wealthy real estate entrepreneur. Wade was much older than Dana and knew he needed to offer something “special” to make her stay. Wade told Dana that if she continued dating him, he would pay her $10,000 a month. Wade paid Dana for two years when suddenly, for no apparent reason, he stopped the monthly payments. Dana stayed with Wade for another six months, but decided enough was enough and left. She wanted the $60,000 she was owed for the six months; Wade refused to pay her. Is Dana entitled to the $60,000?
The Hernandez family is experiencing some financial pressures, even though the couple has a combined income of $82,000. Also, their eldest son, Joseph, will start college in only three years. Maria is contemplating going to work full time to add about $33,000 to the family's annual income. How will this change in income affect the family's emergency fund needs?
Neema owns a rental property. Her tenant, Elena, had a job change and moved out of town. She had paid $1,200 rent per month, January through October of 2022. Per the lease, Elena paid an early lease cancellation penalty of $1,000. Neema was unable to rent the property to a new tenant until January 2023, when Kaiser moved in and began paying $1,200 per month. How much total rental income does Neema report for 2022? $12,000 $13,000 $13,200 $14,400   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.
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