FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A Prime minister has to choose how to invest 2,000,000 u.m. . The money was invested in the financial market offering 10% Interest rate. .

image text in transcribed
A Prime minister has to choose how to invest 2,000,000 u.m. . The money was invested in the financial market offering 10% Interest rate. . The Minister of Culture is proposing cultural program, with an economic profit equal to 300,000 um. The Prime Minister decided to invest in the cultural project. 1. Estimate the the prime minister economic cost. 2. Estimate the implicit cost. 3. Calculate the explicit cost. 4. Comment the prime minister choice

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Government And Not For Profit Accounting

Introduction To Government And Not For Profit Accounting

Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch

5th Edition

0130464147, 978-0130464149

More Books

Students also viewed these Economics questions

Question

★★★★★
Two components of a minicomputer have the following joint pdf for their useful lifetimes X and Y: a. What is the probability that the lifetime X of the first component exceeds 3? b. What are the...

Answered: 1 week ago

Question

★★★★★
Which of the following methods is used to clone a node? (a) doClone() (b) cloneNode() (c) clone() (d) doCloneNode()

Answered: 1 week ago

Question

★★★★★
In the article Dialyzable free cortisol after stimulation with synacthen published in the journal Clinical Biochemistry (Vogeser et al., 2002), the authors reported the raw data given in Table 6.9 on...

Answered: 1 week ago

Question

★★★★★
The cash budget and the budgeted statement of cash flows both provide information about cash. What information about cash is common to these two sources, and what information is unique to the two...

Answered: 1 week ago

Question

★★★★★
Question 3 Assiniboine Company has three employees who each earn $3,000 (monthly) and are paid on the 2 nd of each month (for the month just ended). The following payroll register for March (of the...

Answered: 1 week ago

Question

★★★★★
You are presented with a trial balance as of the end of 2018 and must add the transactions and activities that occurred in the first quarter of 2019 as listed below. You can add accounts to the trial...

Answered: 1 week ago

Question

★★★★★
"Fina, SA de CV" is dedicated to the sale of furniture, requests your advice to determine the authorized deductions that meet tax requirements, in accordance with the LISR, to determine the tax...

Answered: 1 week ago

Question

★★★★★
The summarized financial statements of Baraka Enterprises Ltd. are as follows: Income statements for the year ended 30 September: 2013 Sh.'000' 2014 Sh.'000' Sales Cost of sales Gross profit...

Answered: 1 week ago

Question

★★★★★
Shweta makes the following choices between various of pairs of cuisines: C({Indian, Japanese}) = Indian C({Ethiopian, Chinese}) = Ethiopian C({Turkish, Thai}) = Turkish C({Japanese, Ethiopian}) =...

Answered: 1 week ago

Question

★★★★★
Harold Lau will deposit enough money today so that his account will contain $20,000 in 10 years. The account will pay interest at 8% compounded semiannually. Compute the interest (in dollars) that...

Answered: 1 week ago

Question

★★★★★
Module 2: Exemplary Level (2 marks) 8) A swimmer wants to end up at a dock due north of her starting point on the south side. In still water her maximum speed is 1.25 m/s. The river has a current...

Answered: 1 week ago

Question

★★★★★
4.63 Compute the probability of 7 successes in a random sample of size n = 14 obtained from a population of size N = 30 that contains 15 successes.

Answered: 1 week ago

Question

★★★★★
4.65 Compute the probability of 3 successes in a random sample of size n = 5 obtained from a population of size N = 40 that contains 25 successes.

Answered: 1 week ago

Question

★★★★★
4.69 A bond analyst was given a list of 12 corporate bonds. From that list she selected 3 whose ratings she felt were in danger of being downgraded in the next year. In actuality, a total of 4 of the...

Answered: 1 week ago

Previous Question Next Question