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Janequit her job at IBM where she earned $50,000 a year. Shecashed in $50,000 in corporate bonds that earned 10% interestannually to buy a mini-bus. Jane has decided to buy themini-bus and set up a commuter service between Lincoln andOmaha. There are 1000 people who will pay $400 a year eachfor the commuter service; $280 from each person goes for gas,maintenance, insurance, depreciation, etc.
(a) Complete thefollowing questions: (1) What are Jane's totalrevenues? (2) What are Jane's explicit costs? (3)What is her accounting profit?
(b) List twoimportant implicit costs that Jane has not included.
(c) What isJane's pure economic profit (loss)?
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Suppose that the one year U.S. interest rate is 5%. If the one year forward rate against the pound is $1.75 per pound and the spot exchange rate is $1.78 per pound, what must the equivalent British interest rate be if covered interest parity holds
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An engineering freshman wants to purchase a laptop computer for use during the 4 ½ years that she plans to study engineering at Texas Tech.Assume that maintenance and supplies will cost $100 each six months . Use an interest rate of 12% per year wi..
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Casper's utility function is 3x + y, where x is his consumption of cocoa and y is his consumption of cheese. If the total cost of x units of cocoa is x^2, the price of cheese is $8, and Casper's income is $174, how many units of cocoa will he cons..
A. What are the economics and financial consequences of NX
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