To ascertain: The minimum price to break even if property is purchased for $12,000.

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Answer 1

Question

Chapter 9, Problem 69P

(a)

To determine

To ascertain: The minimum price to break even if property is purchased for $12,000.

(b)

To determine

To ascertain: The minimum price to break even if yearly net profit is $925.

(c)

To determine

To ascertain: The minimum price to break even if property is sold after 7 years

(d)

To determine

To ascertain:The minimum price to break even if sub part (a), (b) and (c) happen simultaneously.

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PL Suppose the price ratio is the same along isocost PK lines A and B. In the figure at right, the difference between isocost line A and isocost line B is that A. the total cost is larger along B. B. the total cost is larger along A. OC. labour is relatively more expensive along A. ○ D. the level of output is lower along A. OE. both capital and labour are relatively cheaper along A. Capital B Labour

Using the graph on the right, determine the per unit prices of capital and labour. 20- Given the information provided about the isocost lines, we know that the per unit price of capital is TC=$100 and the per unit price of labour is 16- TC $80 ○ A. $50; $20 ○ B. $2; $5 ○ C. $5; $2 ○ D. $20; $50 E. not determinable; not determinable Quantity of K 12 TC $60 TC $40 0 10 20 30 Quantity of L 40

The diagram to the right contains isocost lines A and B. If the price of capital is the same for both lines, then the difference between isocost line A and isocost line B is that OA. the total cost is larger along B. B. the level of output is lower along A. C. both capital and labour are cheaper along A. OD. labour is more expensive along A. ○ E. labour is more expensive along B. Capital Labour

Answer 2

Question

Chapter 9, Problem 69P

(a)

To determine

To ascertain: The minimum price to break even if property is purchased for $12,000.

(b)

To determine

To ascertain: The minimum price to break even if yearly net profit is $925.

(c)

To determine

To ascertain: The minimum price to break even if property is sold after 7 years

(d)

To determine

To ascertain:The minimum price to break even if sub part (a), (b) and (c) happen simultaneously.

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Answer 3

Question

Chapter 9, Problem 69P

(a)

To determine

To ascertain: The minimum price to break even if property is purchased for $12,000.

(b)

To determine

To ascertain: The minimum price to break even if yearly net profit is $925.

(c)

To determine

To ascertain: The minimum price to break even if property is sold after 7 years

(d)

To determine

To ascertain:The minimum price to break even if sub part (a), (b) and (c) happen simultaneously.

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Answer 4

Question

Chapter 9, Problem 69P

(a)

To determine

To ascertain: The minimum price to break even if property is purchased for $12,000.

(b)

To determine

To ascertain: The minimum price to break even if yearly net profit is $925.

(c)

To determine

To ascertain: The minimum price to break even if property is sold after 7 years

(d)

To determine

To ascertain:The minimum price to break even if sub part (a), (b) and (c) happen simultaneously.

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Answer 5

Chapter 9, Problem 69P

(a)

To determine

To ascertain: The minimum price to break even if property is purchased for $12,000.

(b)

To determine

To ascertain: The minimum price to break even if yearly net profit is $925.

(c)

To determine

To ascertain: The minimum price to break even if property is sold after 7 years

(d)

To determine

To ascertain:The minimum price to break even if sub part (a), (b) and (c) happen simultaneously.

Answer 6

Chapter 9, Problem 69P

(a)

To determine

To ascertain: The minimum price to break even if property is purchased for $12,000.

Answer 7

Chapter 9, Problem 69P

(a)

To determine

To ascertain: The minimum price to break even if property is purchased for $12,000.

Answer 8

(b)

To determine

To ascertain: The minimum price to break even if yearly net profit is $925.

Answer 9

(b)

To determine

To ascertain: The minimum price to break even if yearly net profit is $925.

Answer 10

(c)

To determine

To ascertain: The minimum price to break even if property is sold after 7 years

Answer 11

(c)

To determine

To ascertain: The minimum price to break even if property is sold after 7 years

Answer 12

(d)

To determine

To ascertain:The minimum price to break even if sub part (a), (b) and (c) happen simultaneously.

Answer 13

(d)

To determine

To ascertain:The minimum price to break even if sub part (a), (b) and (c) happen simultaneously.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 9 - Prob. 2QTC Ch. 9 - Prob. 3QTC Ch. 9 - Prob. 1P Ch. 9 - Prob. 2P Ch. 9 - Prob. 3P Ch. 9 - Prob. 4P Ch. 9 - Prob. 5P Ch. 9 - Prob. 6P Ch. 9 - Prob. 7P Ch. 9 - Prob. 8P

To ascertain: The minimum price to break even if property is purchased for $12,000.

Solution Summary: The author explains that the minimum price to break even if property is purchased for 12,000 is 4,177. At breakeven, the present value of total benefits in future is equal to total cost today.

To ascertain: The minimum price to break even if property is purchased for $12,000.

To ascertain: The minimum price to break even if yearly net profit is $925.

To ascertain: The minimum price to break even if property is sold after 7 years

To ascertain:The minimum price to break even if sub part (a), (b) and (c) happen simultaneously.

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Chapter 9 Solutions