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Desmond is attending university as a full time student this year. Desmond therefore had to give up his full time job in which he earned $25,000 per year. He also had to move away from his parents' home where he was paying $5,000 per year for room and board and is now enrolled in a university residence which costs $12,000 per year. In addition, Desmond must pay tuition of $5,000 and buy text books for $1,000. what is The opportunity cost for Desmond to become a full-time university student.
In order to determine whether time is being spent optimally, a commercial fisherman has recorded the following information over the past year: "hours spent fishing" and "quantity of fish caught." What is the marginal product of fishing for hour sp..
A firm makes and sells a computer for $1000. The variable costs to produce a computer, for the range of production of the firm, is $300 per unit. The total fixed costs per year to make the computer are $5.0 Million. How many computers must be made..
The prices of five computer stocks increased by 37.2 percent, 1,140.0 percent, 2.7 percent, 842.0 percent and 0.95 percent, respectively since 1990.
A corporate bond has a face value of $10,000 with a bond rate of 6%. The interest of the bond will be paid quarterly. The bond will mature in 10 years. If the bond is sold at $7,000 on the market, what is the yield (return) on the bond
suppose that an individuals demand curve for doctor visits per year is given bye the euqation p=100-25q, where q is the number of doctor visists per year and p is the price per visit. suppose also the that marginal cost of each doctor visit is $50..
The average revenue schedule of a simple monopolist is: Pmkt = 5000-20Q The total cost schedule of the monopolist is: TC = 50Q2 + 100Q; and marginal cost is: MC = 100Q + 100 a) What is the market-clearing price for the monopolist b) How much will t..
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
The credit score of a 35 year old applying for a mortgage at Ulysses Mortgage Associates is normally distributed with a mean of 600 and a standard deviation of 100. Within what range would the middle 80 percent of credit scores lie
Upon entering college, Meena borrowed the limit of $5000 on her credit card to help pay expenses. The credit card company charges 19.95% annual interest, compounded continuously. how much will meena owe when she graduates in four years
A student is taking two courses, history & math. The probability the student will pass in the history course is .60 and math is .70. The probability of passing both is .50.
A $4700 municipal bond is offered for sale. The bond will pay 6 % annual interest by paying the $282 to the bondholder every year for a period of 12 years. At the end of 12 years, the $4700 will be paid to the bondholder
Cinema Theater has estimated the following demand functions for its movies: Daytime demand, QD = 400 - 50 PD Zighttime demand, QN = 200 - 20 PNThe marginal cost of serving another customer is $5 and its fixed costs are $100.
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