Who will pay each for the commuter service

Assignment Help Econometrics
Reference no: EM13245172

Jane quit her job at IBM where she earned $50,000 a year. She cashed in $50,000 in corporate bonds that earned 10% interest annually to buy a mini-bus. Jane has decided to buy the mini-bus and set up a commuter service between Lincoln and Omaha. There are 1000 people who will pay $400 a year each for the commuter service; $280 from each person goes for gas, maintenance, insurance, depreciation, etc.

Reference no: EM13245172

Questions Cloud

Explain titration of a solution of the extremely weak acid : In the titration of a solution of the extremely weak acid, HCN (Ka = 6.2 x 10-10), by a solution of sodium hydroxide of equal concentration,
What is the difference (r+)-(r-) between the two rates, : An unstable elementary particle comes in two varieties, one with positive and one with negative electric charge, What is the difference (R+)-(R-) between the two rates, with its error
Explain how the gasoline has an inelastic demand : The mayor of Wappingers Falls was told by your Microeconomics class that gasoline has an inelastic demand and raising the price of an inelastic product raises revenue. The mayor wants to raise town revenues and decides to raise taxes
What is the current i : Two insulated wires, each 2.94 m long, are taped together to form a two-wire unit that is 2.94 m long. One wire carries a current of 8.36 A, What is the current I
Who will pay each for the commuter service : Jane quit her job at IBM where she earned $50,000 a year. She cashed in $50,000 in corporate bonds that earned 10% interest annually to buy a mini-bus. Jane has decided to buy the mini-bus and set up a commuter service
Explain ethanol to produce carbon monoxide and water : What is the theoretical yield (in mol) of carbon monoxide when 2.62 mol oxygen reacts with 2.08 mol of ethanol (CH3CH2OH) to produce carbon monoxide and water
Calculate the interquartile range : Calculate the interquartile range and construct the less then give
Essay about japanese music history : Its an essay about Japanese Music history and how it started off and evovled over the years. Need to talk about traditional music, instuments and modern music. Anything about japanese music would help.
What is the decible level of 1000 bees : a bee that is 3m away from a person produces a buzzing sound that is barely audible (the intensity is the threshold of hearing I0) What is the decible level of 1000 bees

Reviews

Write a Review

 

Econometrics Questions & Answers

  What price will the profit maximizing monopolist produce

Suppose a monopolist faces the following demand curve P = 596 - 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. a) What is the monopolist's profit maximizing level of output

  What would you expect to happen in the market

If the current price of the product is $100, what is the quantity supplied and the quantity demanded How would you describe this situation and what would you expect to happen in this market

  Calculate each persons average tax rate

Suppose there are three people discussing the amount of taxes they pay and wondering if the current tax system is fair. Jeff earns an income of $300,000 a year and has an annual tax bill of $40,000. Margaret earns and income of $200,000 a year an..

  Determine what is the present value of future profit

It is estimated that a mineral deposit will produce 27,000ton in the coming year and 34,300ton in the subsequent year. It is expected that for the first 12 years the production patter will be of the type V.e^α.k

  Find the economic service life of the new machine

A company has a forklift, but is considering purchasing a new electric-lift truck that would cost of $18,000, have operating costs of 1000 in the first year, ,and have a salvage value of $10,000 at the end of the first year.

  By how much would the economys money supply increase

assume that all other banks hold only the required amount of reserves. if First national decides to reduce its reserves to only the required amount, by how much would the economy's money supply increase

  What must the equivalent british interest rate be

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

  Formulate a linear programming model for the problem

Maureen Laird is the chief financial officer for the Alva Electric Co., a major public utility in the midwest. The company has scheduled the construction of new hydroelectric plants 5, 10, and 20 years from now to meet the needs of the growing pop..

  How many firms will exist in the industry in the long run

There are 80 firms in the industry. The cost function of individual firm is T = 100 + 4q + 4q2. Demand function is Q = 1040 - 10P. Find the equilibrium price and quantity for the short-run. How many firms will exist in this industry in the long ru..

  Compute the effective interest rate per year

Jane invested $ 9,000 in a high yield bank account. At the end of 15 years she closed the account and received $299,000. Compute the effective interest rate per year she received on the account if the interest was compounded yearly.

  Determine the one machine that should be selected

Engineering Economics 6th edition, Mountain Pass Canning Company has determined that any one of four machines can be used in one phase of its canning operation. The costs of the machines are estimated below, and all machines have a 10-year life.

  How much will property be depreciated in the 9th year

A useful piece of depreciable property was bought for $20,000. If it has a useful life of 10 years and a salvage value of $5,000, how much will it be depreciated in the 9th year, using the 150% declining balance schedule

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd