A student bought a used car for $10,000 and resold it one year later for $6,500. Insurance, license, and operating costs for the year were $1,500. What was his economic cost of owning and operating the car for the year if the market rate of interest was 10 percent?

Q: A strong form of market efficiency is one where the price of a particular share reflects all, both…

A: The efficient market hypothesis is an important investment theory that explains that new information…

Q: Which of the following is not a result of the government privatizing a common resource? Multiple…

A: In economics, goods are categorized into four main types on the basis of certain features. These…

Q: In these neighborhoods, Sale price of Comparable 1,2,3 are worth about $1,250,000; $1,800,000 and…

A: The selling price of a product or the service refers to the ultimate price set by the seller, i.e.,…

Q: Why might a firm wish to operate in more than one country? What are the two documents that…

A: Trading: It is a basic financial idea including the purchasing and selling products and enterprises,…

Q: Consider a nonrenewable resource that can be consumed either today (period 1) or tomorrow (period 2)…

A: P1 = 100 - 5Q1 P2 = 100 - 5Q2  Supply = 15 units MC= $25 r1 = 0.1 r2 = 0.05

Q: given by P = 14 – 0.39q (b) the marginal cost of extraction of oil is constant at $2 per unit (c)…

A: Marginal cost is the additional cost incurred in producing an extra unit of a good. Marginal revenue…

Q: what is the present value of the project?  (r

A: Compunded Cash Flow Discounted P.V Cashflow T0 1000 1000 T1 1030 936.3636364 T2 1060.9…

Q: What are some pros and cons of investor policy?

A: Owning an asset for getting returns in the future by an individual is known as investment. These…

Q: Petrol Corp. owns several drilling operations in the Gulf of Mexico, refineries, service stations,…

A: Because refineries and tanker trucks are controlled by the Clean Air Act, the environmental manager…

Q: Illustrate how NPW decision rules work?

A: Present value is defined as the current value of the amount of money that a person will receive in…

Q: a. Fishers are charged a large licensing fee to be able to operate a fishing business in the waters.…

A: The maximum economic yield is the yield level that corresponds to the degree of harvest or effort…

Q: are publicly traded corporations capable of self policing their decision making from an ethical…

A: Companies with a strong ethical identity have a greater level of stakeholder satisfaction, which has…

Q: Assume that the oil extraction company needs to extract Q units of oil (a depletable resource)…

A: * SOLUTION :-  Given that ,   The marginal willingness to pay for oil in each period is given by P…

Q: Explain why non-use, or passive use values, cannot be valued either by observing their prices in…

A: People ascribe non-use value to economic items (including public goods) even though they have never…

Q: In Year 2, the neighborhood decides to charge $1 per day for access to one part of the neighborhood…

A: Given: the neighborhood realizes $20,000 in revenue. The cost to maintain the park in Year 2 remains…

Q: A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant…

A: Given:Profit=$400,000Growth rate=g=6%=0.06Opportunity cost of funds=i=8%=0.08

Q: Which of the following statements is correct about the optimal time of tree harvest problem?   a.…

A: The following problem of optimal rotation has been solved as follows:

Q: State whether the following statements are true or false: a. When constant marginal cost > 0,…

A: The situation is depicted by zero marginal cost, in which an additional unit may be provided without…

Q: In Missouri, to avoid having to repeat the pre- examination course, how soon after satisfactory…

A: There are a number of steps that need to be followed in order to get the license as a salesperson,…

Q: General Motors, the automobile manufacturing company, recently ran an advertisement for its cars.…

A: The law of demand states that quantity purchased varies inversely with price. In other words, the…

Q: Below presents the sustainable yield curve (measured by tons) for a fishery as a function of the…

A: Given, Effort = Number of boat fishing x Number of weeks per boat. a) In the first figure, the…

Q: Find the value of marginal efficiency of capital if the prospective yield is 781 and the supply…

A: Generally in the given question The value of prospective yield = 781 The value of supply price = 362…

Q: Discuss 5 ways that a manufacturing company may reduce interest rate exposures

A: In a market, when talking about interest rate exposures, it refers to the risk associated with…

Q: Most individuals and businesses cannot pay for large economic losses, so they share the risk with…

A: Most people and organisations cannot afford to pay for huge financial losses, so they buy insurance…

Q: Suppose that the allocation of a natural resource during three years results in a stream of total…

A: Annuity amount = $100 Time period = 3 years Discount rate, r = 0.10

Q: Is a company like Pullman’s justified in cutting wages when it has a large surplus of money? Does…

A: Pullman being a railroad car Manufacturer  during its peak in the early 20th century had…

Q: A firm is expected to earn $10,000, $25,000, $48,000, and $75,000 during the next four years, after…

A:

Q: Some investors believe it makes financial as well as moral sense to invest in companies whose…

A: A person or other entity (such as a company or a mutual fund) who invests money in the hopes of…

Q: In certain countries, the president confiscates land from owners and then gives the land to whom he…

A: Private property rights are rights which guarantee individual property is acquired by citizens. Such…

Q: Marginal Cost of:  C = 10 + 10q – 4q2 + q3

A: The marginal cost represents the change in the total cost of production that results in one new unit…

Q: What is the private cost of the last unit produced and traded (or the private cost to the marginal…

A: An externality is said to be created when an individual or firm engages in some activity that…

Q: A farmer discovers a natural gas reserve on his property. He can extract the natural gas for a…

A: Present value  (PV) is that the current price of a future total of cash or stream of money flows.…

Q: Assume that a country is endowed with 33 units of oil reserve. (a) the marginal willingness to pay…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: To be (transparent) in a business is mainly about : . a . involving stakeholders in the company's…

A: To be (transparent) in a business is to providing company information to owners before publishing it…

Q: A council is considering improving the watershed. It hires an agency to determine the feasibility of…

A: Introduction A counsel wants to consider improvement in the watershed. It hires an agency to…

Q: Suppose the costs of an environmental pollution-control program are expected to be equal to $80 per…

A: According to question Given that,               Cost of a pollution-control = $80…

Q: A town is endowed with an oil reserve. The total stock of oil from the reserve is 110 barrels. The…

A: Given information Oil reserve stock= 110 barrels. Time period=T1 and T2 Total quantity extracted…

Q: Your full-service brokerage firm charges $140 per stock trade. How much money do you receive after…

A: Given:Brokerage =$140Number of shares=200 sharesSelling price=$20.13

Q: All of the following are eligible for coverage under a Dwelling policy, except:   A A residential…

A: Dwelling policy: A dwelling policy is sometimes called dwelling insurance. Under this insurance, the…

Q: Describe three methods a person could use to acquire legal title to real property.

A: Real Property: Real Property refers to that property consisting of land, building and water. All the…

Q: Tyler buys a futures contract from Alex that gives him the right to buy 1,000 barrels of oil at $125…

A: A futures contract is an agreement between buyer and seller in order to buy/sell a particular…

Q: Sharing the cost of an economic loss among many people is called the principal of large numbers.…

A: An economic loss occurs when a person or organization loses money.A variety of events might result…

Q: How long will it take, for a country to transition to a renewable energy source?

A: In the question, it is given that The endowment is equal to 24 Units. The marginal willingness to…

Q: A person being examined by the director of insurance shall provide the director with free access to…

A: An insurance company is one with high risk and there is a chance of market failure such industries.

Q: Find the marginal efficiency of capital if the prospective yield is 291 and the supply price is 52.

A: Gradually supply price is denoted to be as that consecutive price which relates to the amount of the…