Question
My Brother has a house worth $400,00 and he has no mortgage as it is paid off! His utility bills and insurance and maintenance cost
My Brother has a house worth $400,00 and he has no mortgage as it is paid off! His utility bills and insurance and maintenance cost him about $500 per month and property taxes and all other costs about another $500 per month. He claims it only costs him about $1000 a month for shelter since he has no mortgage. Is he correct from and economist viewpoint? Explain.
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Step: 1
From an economists viewpoint your brothers claim that it only costs him 1000 a month for shelter since he has no mortgage is not entirely accurate Whi...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
