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VMariaS [17]
3 years ago
6

Consider the market for land in upstate New York, a mostly rural and less populous area, as compared to the market for land in t

he Upper West Side of New York City, a well-to-do neighborhood alongside Central Park.
Because the supply of land in upstate New York is ____________________ (perfectly inelastic , perfectly elastic) , buyers in upstate New York pay _______________ (an interest rate , an economic rent , an economic profit) when they purchase their land.
Owners realize that the rental price of land is much lower in Upstate New York than in more densely populated areas like the Upper West Side of New York City. One of the possible explanations for this rent difference is that there is a low _________________ (demand for , supply of ) land with low productivity.
Some land owners decide to build parking lots in the Upper West Side of New York City. The supply curve for land to be used for parking lots is _____________ ( horizontal , vertical , downward sloping , upward sloping ) .
Business
1 answer:
tester [92]3 years ago
8 0

Answer:

Because the supply of land in upstate New York <u>perfectly inelastic</u>, buyers in upstate New York <u>economic rent</u> when they purchase their land.

Owners realize that the rental price of land is much lower in Upstate New York than in more densely populated areas like the Upper West Side of New York City. One of the possible explanations for this rent difference is that there is a low <u>demand for</u> land with low productivity.

Some land owners decide to build parking lots in the Upper West Side of New York City. The supply curve for land to be used for parking lots is  <u>upward sloping</u>.

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suppose the mpc in an economy is 0.95. the apc is initially 0.55 and disposable income is $6 billion. if disposable income incre
gregori [183]

The new level of saving is 12.8 billion for the mpc economy.

Setting a baseline consumption rate will be the first step. By dividing consumption by income, which results in 0.9 = C / 4 billion and a consumption value of 3.8 billion for an income of 4 billion, you can get the average inclination to consume.

Calculate the change in consumption, on the other hand. The marginal propensity to spend is determined by dividing the change in consumption by the change in income, keep that in mind. You obtain 0.9 = C/10bn as a result, changing your income by 9bn. Consumption rises by 9 billion as a result, reaching a new record of 9 plus 3.8 billion, or 12.8 billion.

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5 0
1 year ago
Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note t
dolphi86 [110]

Answer and Explanation:

The computation of the MIRR is shown below:

But before that terminal cash flow required to calculate

<u> Year       Cash Flows    FV Factor Formula      Terminal Value </u>

<u>                                                                       (Cash Flow × FV Factor) </u>

0             ($1,000)    

1               $450                 1.21                (1 +10%)^(2)      $545

2             $450                   1.1                 (1 + 10%)^(1)     $495

3            $450                   1                       1                 $450

Terminal Cash Flow                                                      $1,490

now the MIRR is

MIRR = \sqrt[n]{\frac{terminal\ cash\ flow}{initial\ investment} } - 1\\\\= \sqrt[3]{\frac{\$1,490}{\$1,000} } - 1

= 14.22%

As it can be seen that the MIRR is more than the WACC so the project should be accepted.

8 0
3 years ago
"The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes
Zepler [3.9K]

Answer and Explanation:

The Journal entry is shown below:-

Factory labor Dr, $480,000

        To Factory wages payable $400,000

        To Employee payroll taxes payable $80,000

(Being factory labor cost is recorded)

Here we debited the factory labor as it increased the expenses and we credited the factory wages payable and employee payroll taxes payable as it also increased the liabilities

3 0
2 years ago
The West European buyers who purchase and resell Entrée Specialités’ food products in their home countries are in the _____ busi
defon

Answer:

The correct answer is letter "A": importing.

Explanation:

Importing activities involve businesses or individuals purchasing goods from manufacturers abroad with the purpose of reselling those goods or for personal use. Importing goods imply paying tariffs on those products as a way to protect national businesses.

5 0
3 years ago
What is a question that should be asked about accounts payable when forecasting?
charle [14.2K]

Answer:

In forecasting accounts payable, one of the relevant questions is:

What is the cash conversion cycle?

Explanation:

The variables used in computing the cash conversion cycle include accounts receivable days, inventory turnover days, and accounts payable days.  Specifically, cash conversion cycle (CCC) is the period in days that it takes the firm to convert cash into inventory, then into sales, and finally back into cash.  To gain a good understanding of accounts payable, one should always consider the major inclusive metric.

3 0
3 years ago
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