Please provide steps by step answer with proper explanation with final answer TB MC Qu. 1-33 Mr. Cobb has an income...Mr. Cobb has an income of $57,000 this year and will have $60,000 next year. He can invest in a project that costs $47,000 this year, which generates an income of $53,000 next year. The marketinterest rate is 10 percent. What will be available for his consumption next year if Mr. Cobb invests in the project and consumes $85,700 this year?Multiple Choice$57,000$29,730$94,000$39,730

To determine Mr. Cobb's available consumption next year if he invests in the project and consumes…

Answered: TB MC Qu. 1-33 Mr. Cobb has an…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A computer reseller needs to decide how many laptops to order next month. The lowest end laptop costs $220 and the retailer can sell these for $300. However, the laptop manufacturer already announced that they are coming out with a new model in a couple of months. Any laptops that will not be sold by the end of next month will have to be heavily discounted at half-price. The reseller also needs to consider that every time he fails to fulfill a laptop order, he stands to lose $25 for every unit. Based on the past months’ sales, the reseller estimates the demand probabilities for sales (S) as follows: P(0 units) = 0.3; P(1 units) = 0.4; P(2 units) = 0.2; P(3 units) =0.1. The reseller thinks it’s a good idea to conduct a survey on whether or not his customers are going to buy laptops and how many. The survey results will either be Yes (Y), No (N) or Don’t Know (DK). The probability estimates of the results based on the demand for number of units are: P(Y|S = 0 units) = 0.1 P(Y|S = 1…
How might the confirmation tendency affect Nathan's decision and what could he do to mitigate the possible effects of this tendency in order to improve his professional judgment?
James has two young children (Finn and lain) who are visiting the doctor for their annual well-child check-ups. The doctor's office charges $105 for well-child appointments. Health insurance pays 100% of the costs associated with well-child visits and does not require a copayment. James' health plan monthly premium is $1,400 and has a $1,000 deductible. How much will James be charged when the appointment is done?
Whose work on decision making received a 2002 Nobel Prize?
Sarah purchased an individual medical expense insurance policy that included a $250 deductible and an 80-20 coinsurance provision. She required medical care and the cost of the care provided was $40,750. How much of this amount must Sarah pay and how much will her insurer pay? How would your answer change if Sarah's policy included a $3,000 out-of- pocket limit that applied to coinsurance payments? . HINT (Coinsurance is calculated after you pay your deductible)
U=x+y find MRSxy
T/F Opportunity cost is the cost of nest best foregone.
You are a CEO of a very large health technology firm. You just completed a lucrative $5 bilion deal with a frm in Singapore. Your assistant had to purchase an airline ticket for you to fly to close the deal with a large ceremony in Singapore. There were no available seats on any of the airlines. Your assistant was able to find a business class ticket for $4OK. You told her to purchase the ticket right away since the deal was so important. Giving up the ticket would mean to give up the lucrative deal. In the aircraft, you started having some conversation with a gentleman from Texas sitting next to you in the business class. You learned that he paid only $3K for his ticket and he was traveling for a wedding of his buddy. He purchased his ticket almost a year ago since the wedding was already planned. You then remembered about your college economics professor. In your mind silently you thanked your professor for teaching the economic concepts to make sense of the many situations…
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other best example of contingency planning about turnover of employees

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