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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Use discriminant analysis to classify the accompanying new records using only Credit Score and Years of Credit History as input variables. Click here to view the credit approval data. Click here to view the new records. Complete the following table. (Round to four decimal places as needed.) Homeowner Credit Score Years of Credit History Revolving Balance Revolving Utilization Discriminant Score Decision Y 548 5 N 662 4 Y 724 12 N 14 N Y 704 592 684 New Records 9 15 $21,000 $4,000 $8,500 $16,300 $2,500 $16,700 N Y N N Y 548 662 724 704 592 684 5 4 15% 90% 25% 70% 90% 18% Homeowner Credit Score Years of Credit History Revolving Balance Revolving Utilization Decision t Y 12 14 9 15 Print $21,000 $4,000 $8,500 $16,300 $2,500 $16,700 000000 Done PEPPE Y 15% 90% 25% 70% 90% 18% Y
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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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