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Q. What is the value of a piece of land? Consider the following scenarios.1) Suppose that you own a farm run by tenants. You can keep it and earn $100,000 per year. How much is that worth to you in present value, if the interest rate is 4 percent? Note: you'll need to decide how long a time to use in the present value calculation. Why have you decided on that time?2) Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it? Why?3) at what price would you be indifferent between selling the farm and continuing to get the earnings from it?4) If $100,000 per year is the maximum that the farm is likely to produce, what is the maximum price that a purchaser is likely to offer? Why?5) Is the maximum price that a purchaser might offer greater than, equal to, or less than the amount at which you would be willing to sell? Why?6) Suppose that your personal rate of time preference is higher than 4 percent. Would you be more or less likely to sell? Why?7) A developer produces to turn the farm into a subdivision. Why might the developer be willing to pay a higher price than the previous officers?
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The Neurospora cross was made between a strains that carried mating type A and mutant allele arg-1(arg) and another strain the carried mating-type a and the wild type arg-1 (+) gene. Four hundred linear octads were isolated and they fell into the 7 c..
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Hermann Kolbe's synthesis of an organic compound, acetic acid, from inorganic substances that had been prepared straight from pure elements was an important milestone for what reason.What piece of evidence contradicts this claim.
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Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
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