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You have decided to buy a small apartment building for $100,000 near a local college. You used $10,000 as a down payment and obtained a mortgage from a local bank for the remaining $90,000. The annual mortgage payment to the bank is $11,500. You expect that the annual maintenance on the building and grounds will be $14,500. There are four apartments (two bedrooms each) in the building that can be rented. Assuming 100% occupancy all year, how much rent per month must you charge in order to break even, such that your revenue equals your expenses each month. (Enter your answer as a number without the dollar sign.)
Why do most countries use trade protection tools? Is there any theoretical justification to use trade protection tools? Explain why rich countries subsidize agricultural sector in their economies. Explain why rich countries subsidize high-tech firms ..
A merchandise trade deficit arises when: The balance of payments on financial account: When capital can flow freely among countries: If the dollar appreciates against the euro: Which of the following is true at the equilibrium exchange rate? A floati..
q1. illustrate the basis of tension between cooperation and self-interest in a market characterized by oligopoly. use
Explain price elasticity, income elasticity and cross elasticity of demand. Assess relevance of price elasticity of demand, income elasticity of demand and cross elasticity of demand to a magazine publisher.
q1. you own a small town movie theatre. you currently charge 5 per ticket for everyone who comes to your movies. your
Describe key areas of the selected company's code of conduct that are of significant importance to the business, and explain why - Explain the key steps that the company should take to ensure that employees follow the code of conduct.
Robert Nozick concluded which no state should provide any services beyond law enforcement.Illustrate what is the equivalent certain income to this bet.
You sign a security agreement that describes the collateral. The bank does not file a financing statement. Has the banks security interest attached? If so, when?
Suppose you are told that price of Toyotas' has increased from last year as has the number bought and sold. Is this an exception of the law of demand, or has there been a change in demand or supply that could account for it.
Illustrate how many would you expect to be sold under each pair of price and income demand elasticity estimates.
The united states exports a substantial amount of scrap iron and steel to Japan and other countries. Explain Why do some US users of scrap iron and steel support a prohibtion on these exports
Robert Johnson, manager of a Kentucky Fried Chicken franchise, is thinking of introducing barbecued chicken in the product line. Its profitability will be based on the fact that the barbecue sauce will cover up the lack of freshness in leftover chick..
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