Janine is 25 and has a good job at a biotechnology company. janine estimates that she will need $875,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $20,000 a year. (she expects that social security will pay her an additional $15,000 a year.) she currently has $5,000 in an ira, an important part of her retirement nest egg. she believes her ira will grow at an annual rate of 8 percent, and she plans to leave it untouched until she retires at age 65. how much money will janine have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal? use exhibit 1-a.

(round time value factor to 3 decimal places. round intermediate and final answer to the nearest whole number.)

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.