Use some economic concepts in your post

Assignment Help Business Economics

Reference no: EM13215058

Should Lebron James mow his own lawn? Most pro athletes are strong and capable of mowing their own lawns efficiently. Suppose Lebron can do the job in 3 hours or he can hire a gardener, Pat, to do it 4 hours. Pat charges $25 an hour. Who should do the job, Lebron or Pat? Explain. Be sure to use some economic concepts in your post.

Reference no: EM13215058

Questions Cloud

What rate of interest should jane use to capitalize : Jane Construction Company is building an office building for speculative purposes. That is, the Company has not yet found a buyer for the building, but expects to do so within a few months. Jane, who expects to spend about another two years to com..

Define the value of a firm might change : Describe how, in principles, the value of a firm might change as its leverage increases. Discuss why, in practice, firms might choose high levels of debt.

What is the estimated loss due to the fire : Evans made an installment sale on 2-1-2012 totaling $200,000. The merchandise cost $140,000. Ignore interest. Collections totaled $40,000 in 2012, $80,000 in 2013 and $30,000 in 2014. Using the cost recovery method, how much profit would be shown ..

Principles of cognitive psychology : A description of the basic principles of cognitive psychology and their roots in earlier psychological schools of thought that includes specific examples of concepts, ideas, and processes.

Use some economic concepts in your post : Who should do the job, Lebron or Pat? Explain. Be sure to use some economic concepts in your post.

Determine what is the cost of the land : These expenditures were incurred by Dunston Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorney's fees $2,100; real estate broker's commission $3,300; and clearing and grading $3,500. What is the cost of the land

What is the expected return on pepsico stock : Suppose the S&P index is expected to fall by 1 percent over the next month. What is the expected return on PepsiCo's stock?

Explain net income and cash flow from operations : Discuss the relationship between net income and cash flow from operations and between cash flows from operation investing, and financing activities for the firm over the three year period.

Interpret the each coefficient except for the intercept : The Dodge City Bank is planning its loans for the next several years, and is using a model of loan demand developed from past experience. Fred Smith is responsible for developing the mortgage loan component of total loan demand.

User Account

All Pages