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Josh is graduating at the end of the academic year with a BS degree in engineering. He already had an offer with a good company for $58,000. He has learned that those who continue along a technical path in the company typically receive increases of 6% per year. Now that Josh smells the diploma and the money, he is ready to get out and make his mark in the company. Josh's family, however , have encourage him to reconsider completing a MS degree, thereby differing employment for 2 years. Josh has learned in the same company, those with an MS degree who remain on a technical path earn increases of 7.2%. With a graduate assistantship, Josh will have to apy only $8,000 per year out of his own pocket. He will be 23 when he graduates with the BS degree, 25 when he completes an MS degree, and 65 when he retires. All salaries and cost are considered to occur at the end of the year. Based on PW of salaries and cost at Josh's TVOM of 7%, what must his minimum starting salary be to justify staying for the MS degree
Suppose farmers can use their land to grown either wheat or corn. The law of supply predicts that an increase in the market price of wheat will cause:
Assume you have 4000 in a savings account at the beginning of the year price level is 100 the account pays 7% interest annually. if the price level is equal to 115 at the end of the year, the real value of your saving is?
A company manufactures microchips. use the revenue function R(x)=x(75-5x) and the cost function C(X)=125=12x to answer parts A-E, where x is in millions of Chips and R(x) and C(x) are in millions of dollars. Both functions have domain 1 is less than ..
q.sometimes a bidder on a work contract may bid lower than what would maximize hisher profit from the contract and the
What is adverse selection? How does its existence affect the market for health insurance? What are some ways insurance companies protect themselves from adverse selection?
Me Lisa purchases shares in government bond mutual fund .is this included in the aggregate demand component investment.
What is the typical cause of positive serial correlation in business data?
If there are barriers to entry into a market, it is possible for the existing firm to earn positive economic profit. All of the following explain this concept except; 1. it is possible for a firm in this situation to charge any price it wants and thu..
Suppose that Tamara and Vicki are both in the public eye. They get offers to sell secrets of the other to tabloids. If both keep the secrets, they are both better off than if they get exposed. If only one is exposed, the other person is better off th..
Which former Soviet republic currently a member of the Commonwealth of Independent States (CIS) has been the most economically successful in making this transition.
Write a paragraph explaining each concept as if you were writing for your 15-year-old sibling - Fiscal Policy and the Multiplier Effect
Suppose people who are thinking about buying an existing home (demanders in the housing market) are current home owners who are thinking about selling their homes (i.e. suppliers in the housing market) suddenly believe that existing home prices are l..
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