What price to ask for well kept house in a growing neighbour

Assignment Help Microeconomics
Reference no: EM13187931

your grandmother heard you were studying economic and decided to make use of your knowledge. she is selling her house and wants to know what price to ask for her well kept house in a growing neighborhood you need more information; what did it cost her? she says it cost 15,000 forty years ago. with these given,advise her on her asking price.

Reference no: EM13187931

Questions Cloud

Calculate the values for the four formulas : The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, & the price of the firm's output id $25. The cost of other variable inputs is $400,000 per day. Assume that total fixed cost equal..
Find the amount each received in tips : At a restaurant the tips are split between the busboy and the waiter in the ration of 2 to 7. Find the amount each received in tips if there was a total of $162 in tips. Declare a variable for one of the peoples tips. Declare the other person's ti..
State the equilibrium concentration of cocl42 : Co(H2O)62+(aq)+4Cl?(aq), which interconverts the blue CoCl42? ion and the pink Co(H2O)62+ ion. Will the equilibrium concentration of CoCl42? increase or decrease when the following changes occur?
The thermoelastic effect is the temperature change : The thermoelastic effect is the temperature change that results from stretching an elastic material or fiber. The work done on the material is given by W? = force × rate of change of distance = A⋅ L⋅σ ⋅
What price to ask for well kept house in a growing neighbour : your grandmother heard you were studying economic and decided to make use of your knowledge. she is selling her house and wants to know what price to ask for her well kept house in a growing neighborhood you need more information; what did it cost..
Find the general statement for the numerator and denominator : how do you write an introduction for lacsap's fractions? What technology can be used to find the general statement for the numerator and the denominator?
Write a quadratic equation in the varible x : write a quadratic equation in the varible x having the given numbers as solution type the equation is standard form ax^2+bx+c=0 solution -3,1
The louisiana purchase : All of the following are true of the Louisiana Purchase EXCEPT:
Fifty percent of that sunlight is captured by the collector : Fifty percent of that sunlight is captured by the collector and heats the water flowing through it. What would be the temperature rise of the water as it leaves the collector?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd