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You are a Custom Home Builder and was hit hard by the economic downfall of 2008 in the housing market. You have a 100-acre subdivision with $19,000 a month payments on a land and development loan of$1.8 million. You have already invested $575,000 of your own money in the venture. You also built three houses to sell in your subdivision and have been using the construction loans to keep the land development loan up to date. Needless to say, you are desperate because the buyers have not shown up in this economy and the one home you built has a buyer who had taken a questionable loan she was not qualified for so defaulted. That means a defaulted home loan is sitting on one of your $50,000 lots which you will lose. Over the weekend, a big city bank took over your local bank and called the loans on all builders in your county. It looks like you must consider bankruptcy. Explain what you would do in this situation and how you came to your conclusions. If you decide for bankruptcy, how would you go about this?
Using indifference curves and budget constraints, show how a government program that increases education and job training for low-skilled women can increase low-skilled female labor force participation over time. Assume everything else about women..
Distinguish between explicit and implicit costs, giving examples of each. What are some explicit and implicit costs of attending college 2. Distinguish between accounting profit, economic profit, and normal profit. Does accounting profit or econom..
Presume that a scatter diagram with math grades on the y-axis and science grades on the x-axis shows a strongly positive relationship. From this graph we can state that
The manufacturer of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for the product are assumed to be as follows:
what steps if any should be taken to provide assistance for funding and financing energy efficiency and renewable
Explain the long-run adjustments that will create equilibrium with firms operating at their minimum efficient scale. Why is a perfect competitive firm associated with efficiency for both consumers and businesses
An increase in the minimum wage could increase employment but decrease income. reduce employment and decrease income. increase employment and increase income. reduce employment but increase income.
The average of 5 numbers is 52. Suppose five more numbers are included in the set of numbers and these five numbers equal 0, 100, 48, 90, and 50. What is the new average?
the abc company is a small manufacturing company operating in a highly competitive industry. you are employed by the
What is the difference between average total cost and average variable cost
Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry. In the long run, what do you expect will happen to a. Your firm's costs of production
choose a developing country and discuss its economic growth in the last 2-3 years. include the following
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