4 **Harry's Vehicle Lease Evaluation**Harry is an enthusiast of sports cars, currently owning a 1990 Mazda MX5-Miata. Although his Miata is in excellent condition, he desires a faster vehicle. Consequently, he's exploring the option of acquiring a German sports car, preferably a Porsche. Should he pursue this, he would sell his Miata and purchase a used 1998 Porsche Boxster. However, based on advice from a renowned YouTuber warning that Porsches become "endless money pits as they age," Harry is contemplating leasing a 2019 Porsche 718 Boxster for three years.### Table of Costs for Vehicle Options:| | 1998 Porsche Boxster Base | 2019 Porsche 718 Boxster | 1990 Mazda Miata ||-------------------------|---------------------------|-------------------------|------------------|| **Purchase Price** | $8,995 | $0 | $3,800 || **Down Payment** | - | $7,889 | - || **Lease Payments (per year)** | - | $9,588 | - || **Yearly Maintenance, Gas, Cost, Insurance, etc.** | $3,200 | $1,310 | $1,001 || **Salvage Value** | $6,624 | $0 | $3,000 || **Expected Use in Years** | 5 | 3 | 10 |**Scenario:** Calculating the Annual Worth of LeasingTo determine the annual worth for leasing the 2019 Porsche 718 Boxster, consider that the bank grants a 5% interest rate on the lease payments. Assume this analysis is entirely fictional and presumes all operations of the car are under ideal conditions, with Harry driving it only on special occasions.### Multiple Choice:- a. $15,042- b. $13,800- c. answer not given- d. $14,628Harry should evaluate these choices carefully, considering financial feasibility and the condition of each vehicle in his decision-making process.

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Harry is a sports car enthusiast. He currently owns a 1990 Mazda MX5-Miata. The car is in great shape. However, he wants a faster sports car. He is now thinking about purchasing a German sports car preferably a Porsche. If he were to do this, he would sell his Miata and purchase a used 1998 Porsche Boxster. However, he heard from a famous YouTuber that Porsche vehicles are "endless money pits as they age" and so he thinking about leasing a 2019 Porsche 718 Boxster for three years. Using the vehicle information as shown in the table below, what is the annual worth for leasing the 2019 Porsche 718 Boxster? Assume that the bank approves a 5% interest rate on the lease payments. Please note that this problem is strictly fictitious. Some of these values assume ideal conditions and that Harry drives the car on special occasions. Purchase Price Down payment (when he signs the lease) Lease Payments (per year) Yearly Maintenance, Gas Cost, Insurance, etc. Salvage Value Expected Use in Years O a. $-15,042 O b. S-13,800 O c. answer not given O d. S-14,628 1998 Porsche Boxster Base 2019 Porsche 718 Boxster 1990 Mazda Miata $8,995 $3,800 $3,200 $6,624 5 $0 $7,889 $9,588 $1,310 0 3 $1,001 $3,000 10

Harry is a sports car enthusiast. He currently owns a 1990 Mazda MX5-Miata. The car is in great shape. However, he wants a faster sports car. He is now thinking about purchasing a German sports car preferably a Porsche. If he were to do this, he would sell his Miata and purchase a used 1998 Porsche Boxster. However, he heard from a famous YouTuber that Porsche vehicles are "endless money pits as they age" and so he thinking about leasing a 2019 Porsche 718 Boxster for three years. Using the vehicle information as shown in the table below, what is the annual worth for leasing the 2019 Porsche 718 Boxster? Assume that the bank approves a 5% interest rate on the lease payments. Please note that this problem is strictly fictitious. Some of these values assume ideal conditions and that Harry drives the car on special occasions. Purchase Price Down payment (when he signs the lease) Lease Payments (per year) Yearly Maintenance, Gas Cost, Insurance, etc. Salvage Value Expected Use in Years O a. $-15,042 O b. S-13,800 O c. answer not given O d. S-14,628 1998 Porsche Boxster Base 2019 Porsche 718 Boxster 1990 Mazda Miata $8,995 $3,800 $3,200 $6,624 5 $0 $7,889 $9,588 $1,310 0 3 $1,001 $3,000 10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
10. Mobile phone portability allows consumers to retain their phone number if they change to a different phone network, which will tend to (a) increase barriers to entry in the phone industry. (b) discourage product differentiation and increase switching costs. (c) encourage the formation of natural monopolies. (d) reduce market power in the phone industry. (e) (b) and (c) (f) (a) and (d) (g) (a) and (c) (h) (b) and (d) Answer: 10d.
There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. If the tenants have the right to be free of loud music enforced through a property rule, how many bands will play in Rock‐n‐Roll Bar on a Saturday night? A. Zero B. One C. Two D. Three E. It depends on transaction costs
B9
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There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed below. Assume the bar owner has the right to hire as many bands as she likes. Iftransaction costs were $90, split between the bar owner and the tenants, how manybands would play? What would social welfare be? A. Three bands would play and social welfare would be ‐100.B. Two bands would play and social welfare would be 75.C. Two bands would play and social welfare would be ‐15.D. No bands would play and social welfare would be 0.E. Three bands would play and social welfare would be ‐190
PLS HELP ASAP ON BOTH
1. The strongest case for a rent ceiling via rent control is when . . .(a) Demand is inelastic because the rent ceiling may even increase supply.(b) Supply is elastic because the rent ceiling will increase the elastic supply.(c) When prices are high because then landlords are taking advantage of renters.(d) None of the above.