According to economic theory, agricultural land values (prices) equal the present value of expected future rents, where rents are calculated as the difference between revenue received and production costs. suppose the interest rate is 5% and expected future rents on 1 acre of land are as follows: year 1: $125 year2: $250 year3: $320

1. what is the price of land?
ii. houses. suppose you have an offer of $200,000 to sell your house this year. the market rate of interest is 10%. you expect to be able to sell your house next year for $230,000.
2. should you sell your house this year or should you wait and sell next year?
3. if you only expected to get $215,000 next year what would you do?
4. how does this relate to the theory of nonrenewable resource allocation over time as discussed in class?
5. in particular, what does it tell you about how prices must behave in a market for nonrenewable resources?

Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

The economic advisor of a large tire store proposes the demand function d(p)equalsstartfraction 1900 over p minus 40 endfraction , where d(p) is the number of tires of one brand and size that can be sold in one day at price p. answer parts (a) through (e) below. a. recalling that the demand must be positive, what is the domain of this function? the domain consists of all possible values of ▼ for which ▼ p d(p) ▼ does not exist. is positive. is zero. is negative. exists.