How many athletes are required to eliminate the deficit

Assignment Help Macroeconomics
Reference no: EM1330549

Deficit Elimination

Dunston Military Academy has an annual deficit of $250,000. Its 1,000 students pay a tuition of $10,000 each per year. The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships. Each additional athlete will cost the school $2,500 (equipment, etc.). Assuming the academy agrees, how many athletes are needed to eliminate the deficit?

 

Reference no: EM1330549

Questions Cloud

Human resource planning and recuitment : Human Resource Planning and Recuitment - Are there any methods described that could be adapted for online screening
Explain how do a companies goals affect website planning : How does the consideration of a website's potential value to the company assist the company in determining how to develop the site?
What is triage : What is triage and how is it factored into project management?
Case briefing the holding/decision : Can you help me find holding and the decision for this case? If possible can you give about a paragraph. Can you please add the reference,
How many athletes are required to eliminate the deficit : Suppose the academy agrees explain how many athletes are required to eliminate the deficit.
Tvm concept-value of money : XYZ company has a balloon payment coming due from the recent acquisition. What TVM concept (s) is represented in the condition? What is the value of money represented by the situation?
Discuss the measurement phase : Discuss the Measurement Phase in quantitative terms.
Explain ebusiness ethics : How does the travel website Expedia.com handle security, confidentiality, and International issues?
Co-equal in importance with financial and strategic metrics : Environmental metrics be at least co-equal in importance with financial and strategic metrics in evaluating the company's performance all of these.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Price and output determination in monopoly

RainAway, Inc., makes polymers used to coat the windshields of car's, planes, and boats-Complete the following table based on the RainAway product's price, output and costs per year:

  Illustrtae what is the point price elasticity of demand

The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.

  Decision of a risk neutral consumer

How much will this consumer be willing to pay for the product if the firm offering the reliable product includes warranty that will protect the consumer? Explain.

  Interest rate model and bond valuation

According to economist, if savings equal $5 trillion and spending equals $100 trillion, what will investment equal?

  Cause of yield curve

Explain how each of the following would cause the yield curve to shift if between now and next year:

  Welfare effects of tariff and price difference in exporting

The Lexus LS 430, the top of the line Lexus sedan, riad a base price in Canada of C$85,700 during the fall of 2005. Restated in US dollars using the exchange rate prevailing then, that price is $71,885.

  Illustrtae what is the current cost of a share of stock

Illustrtae what is the current cost of a share of stock for a firm with $5 million in balance-sheet equity.

  Describing supply of money-commodity and flat money

What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?

  Graph the isoquants in terms of labor inputs leisure

A firm has offices in London and New York. Fractional units of labor can be employed in each location (as part-timers can be hired) and the headquarters could be in either city.

  Comparitive advantage for two countries

Assume labor is the only cost of production and labor coefficients (hours of labor required per unit of output) in MACONDO and KRYPTON for each good are as follows:

  Equilibrium price and profit in stackelberg duopoly

Find out the equilibrium market price. Find out the profits of the leader and the follower

  Determining the tradeoff

Provide an update on the economy-where is unemployment, what is the outlook for the deficit, what are the overall predictions for 2010 - 2012?

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