Determine the insurance and maintenance cost per month

Assignment Help Econometrics
Reference no: EM13204906

My brother has a house worth $400,000 and he has no mortgage as it is paid off! His utility bills and insurance and maintenance cost him about %500 per month and property taxes another $500 per month. He claims it only costs him about $1000 a month to live in the house since he has no mortgage. Is he correct from and economist viewpoint? Explain.

Reference no: EM13204906

Questions Cloud

What is the difference between npv and irr : What is Annuity kind of cash flow, what do understand by Portfolio risk and what do you understand by ‘Loan Amortization - What is the Difference between NPV and IRR
The half-equivalence point of a titration occurs half way : The half-equivalence point of a titration occurs half way to the end point, where half of the analyte has reacted to form its conjugate, and the other half still remains unreacted.
Find what is the government budget balance : Open Economy S = I In an open economy suppose that GDP is $12 trillion. Consumption is $8 trillion and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion and imports are $3 trillion.
State semiconductor fabrication line : Estimate the temperature you should dope at (°C) if you must have a concentration of 100 P atoms per 10 million Si atoms at a depth of 10 nm in 5 minutes.
Determine the insurance and maintenance cost per month : My brother has a house worth $400,000 and he has no mortgage as it is paid off! His utility bills and insurance and maintenance cost him about %500 per month and property taxes another $500 per month. He claims it only costs him about $1000 a mont..
Find the total number of tickets given away : The fourth person got 8 tickets, and there were 5 tickets left for the fifth person. Find the total number of tickets given away. Show and explain work please.
Compute the number of moles of the compound : calculate the number of moles of the compound that could theoretically be generated. Use the value ?G°\'compound X = -62.3 kJ/mol. Round your answer to two significant figures.
Find the domain of the function : find the domain of the function
Find the reference angles q for the angles : Find the reference angles q for the angles given below. Find the quadrants in which the angles lie. In addition, show all the steps for deriving the answer.

Reviews

Write a Review

Econometrics Questions & Answers

  Find profit per customer for weekdays and weekends

Economists estimate that on weekends the demand for your product is much higher than on the weekdays (monday-wednesday). On weekends. the inverse demand curve for a typical customer is P= 10 - 0.001Q; on weekdays, it is P=5- 0.01Q.

  What is the size of your mpc and mps

Keynes rejected the classical notion of Say's law. He argued that under-spending was very likely. Keynes focused on aggregate demand (total spending) as being the key determinant to the level of macroeconomic activity not aggregate supply which wa..

  What would the population equal 100 years from now

Suppose the world population today is 7 billion, and suppose this population grows at a constant rate of 3% per year from now on. (This rate is almost certainly much faster than the future population growth rate)

  What factors should the worker to take in consideration

the worker doing the mathematical operation by hand in 32 seconds, and with the computer application, the operation is doing in 16 seconds with a 50 % of improvement. (theoretic - experimental)/theoretical *100% is the used formula for the 50%

  Find the market price and the consumer surplus

Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a. Find q..

  Can they produce any linear combinations

two people live alone in isolated regions, have the same resources, grow potaotes and chickens, if one devotes resources to growing potatoes they raise 200 lbs a year. if they grow chickens they raise 50 a year. if they apportions some resourcs to ..

  Calculate and analyze smm companys ratios

Fixed Assets Property, plant, and equipment $2,200 $1,870 $1,814 $1,422 $1,400 Less: Accumulated depreciation $400 $200 $180 $80 $75 Net property, plant, and equipment $1,800 $1,670 $1,634 $1,342 $1,325 Intangible assets $300 $240 $220 $210 $205

  What is the cost of t years of education

consider a modified scenario where a potential worker invests in years of education. Each year of education costs a motivated worker $10,000 in terms of disutility and an unmotivated worker $20,000 in terms of disutility.

  What stock price is expected 1 year from now

Ezzell Corporation issued perpetual preferred stock with a 11% annual dividend. The stock currently yields 8%, and its par value is $100. What is the stock's value What stock price is expected 1 year from now

  Calculate tom''s opportunity cost of producing a ball

Tom can produce 40 balls per hour or 4 bats per hour. Tessa can produce 80 balls per hour or 4 bats per hour. a. calculate Tom's opportunity cost of producing a ball. b. calculate Tessa's opportunity cost of producing a ball.

  Identify economic forecasts for real gdp

Recognize economic forecasts for real GDP, the unemployment rate, the inflation rate, a key interest rate, and the value of the dollar.

  Interpretation for the regression coefficient

Chez Henri is a restaurant chain that operates in forty different cities. It employed an economist to determine the factors affecting the demand for its sales.

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