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You are a Custom Home Builder and was hit hard by the economic downfall of 2008 in the housing market. You have a 100-acre subdivision with $19,000 a month payments on a land and development loan of$1.8 million. You have already invested $575,000 of your own money in the venture. You also built three houses to sell in your subdivision and have been using the construction loans to keep the land development loan up to date. Needless to say, you are desperate because the buyers have not shown up in this economy and the one home you built has a buyer who had taken a questionable loan she was not qualified for so defaulted. That means a defaulted home loan is sitting on one of your $50,000 lots which you will lose. Over the weekend, a big city bank took over your local bank and called the loans on all builders in your county. It looks like you must consider bankruptcy. Explain what you would do in this situation and how you came to your conclusions. If you decide for bankruptcy, how would you go about this?
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Assume that the price of silk ties in a perfectly competitive market is $17 and that the typical firm confronts the following costs: Quantity (ties per day) 0 1 2 3 4 5 6 7 8 9 10 Total Cost 17 24 33 44 57 72 89 108 129 152 177
The rate of growth in the productivity of capital is one percent the rate of growth of capital is two percent the rate of growth of labor is one percent and the rate of growth in the productivity of labor is three percent. From this we know that per ..
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In the United States real estate brokerage industry, brokers employed by large brokerage companies have traditionally worked for a portion of the commissions they generate.
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Question 1. How is the life-cycle pattern of income related to the measurement of income equality at a point in time? What are the differences between social insurance programs and income assistance programs?
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