Approximately a thousand people enjoy a local beach. The utility each person gets from the beach is equal to x, which is equal to the number of people who contribute to cleaning up the beach. If x people are contributing to cleaning up the beach, in total they incur a cost of 2x2. If people are making decisions independently, what is the total number of people x; who would contribute to cleaning the beach? What is the socially optimal number of people x, who should contribute to cleaning the beach? (a) xi = = 0, xp = 0 (b) T; — 1, х, — 250 (с) х; — 0, хр — 250 %3D (d) х; — 0, хр — 1000

Q: The present value of a perpetuity paying $20 at the end of every four years is $43. Find i.

A:

Q: a perpetuity has a price of $750 and an annual interest payment of $35,

A:

Q: Given a loan for $58,000.00 at an interest rate of 16.15% for 5 years, determine your annual payment…

A: The objective of this task is to determine the annual payment amount for a loan of $58,000.00 with a…

Q: Mary takes out a loan for $1000 at a simple interest rate of 5% for a period of 3 years.  Calculate…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: How can we compute the effective interest rate for any duration of time?

A: The effective interest rate refers to the rate of interest that is paid on an investment or loan or…

Q: You purchased a winning ticket for a $5 million lottery which pays $500,000 immediately and the rest…

A: Here in this question, To decide whether we have to go with the deal or not. We have to find the…

Q: We need to find an effective interest rate that covers the payment period. Illustrate this concept…

A: Effective interest rate can be described as the interest rate gained or paid in actual on a project.…

Q: We know two friends that have decided to work together in a start-up business in Ithaca; they want…

A: The profit which is based on the explicit cost is the accounting profit. The total revenue is…

Q: How is the future related to the present value of a single sum?

A: The future value is that the sum of present value and also the total interest. the long run value…

Q: Why are the spreadsheet-calculated numbers for the question shown in rupees instead of dollars?

A: Here we have to calculate the TR, MR, and MC and determine the output and price level at which total…

Q: 4. Ellen borrowed P100,000 from a local bank at 10% annually. She must pay back the loan in five…

A: Given; Amount borrowed= P100000 Interest rate= 10% annually Time period= 5 years Number of…

Q: When a cash flow has no special pattern, which is the easiest way to find the AE?

A: The present worth is calculated by using the formula as follows: Here,

Q: Luis and his best friend Faith want to spend as much time as possible at the local amusement park…

A: The objective of the question is to find out how much Faith will owe Luis after they buy season…

Q: Find the savings if the income is $8443 and the consumption is $4022

A: Here, given information is: Income: $8443 Consumption: $4022 To find: savings

Q: You borrow $800 from a family member and agree to pay it back in nir months. Because you are part of…

A: Simple interest is denoted as the procedure for solving the interest amount for a given principal…

Q: In a mortgage/trust deed form of loan the terms of payment and interest rate would be found on the…

A: Trust Deed is the agreement signed when one person or party wants to purchase a property then for…

Q: At what rate of interest will an investment double itself in 10 years?

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: A financial institution is willing to lend you $2,000. However, you must repay $2,008 at the end of…

A: An investment is a possession or thing bought with the intention of making money or appreciating in…

Q: Is the cash flow broken into four parts? What are they?

A: Answer - Cash Flow - Cash flow means the amount of cash present at a given time which cash used in…

Q: Uniform Payments You just graduated. Congrats. You need a car to get to your new job at Intel. Uncle…

A: Given  Present value or loan amount =$9000.Credit card rate =20% per year We know that 1 percent…

Q: What is the U.S 6 month interest rate?

A: In the mentioned question we have been asked about the 6-month interest rate of the U.S.

Q: You take out a loan of $12,000 to pay for a piece of equipment. You plan to repay the loan in 16…

A: Suppose you want to pay the first installment at the end of the year. So 16 equal payments of $1100…

Q: James has been working as a Mechanical Engineer ever since he graduated five years ago. Two years…

A: A credit score is a numerical representation of an individual's creditworthiness, which is used by…