Page 1: Question 9 (1 point) People tend to rent early in their adult life because.. the want more space to accommodate their lifestyle. they have fewer financial resources available. O they want to be less mobile. None of the above. 10 11 12 Question 10 (1 point) Home prices tend to _ __ during recessions. O decline Oincrease Question 11 (1 point) Holding all else constant, a home in a neighborhood with a low crime rate will be priced than a home in a neighborhood with a high crime rate. lower higherPage 11 Question 12 (1 point) A firm's "plant assets" Include... O labor time. Oraw materials. real estate. O machinery and equipment Question 13 (1 point) You decide to invest in a new project: a bakery, You pay $8000 for an oven and $300 for some kitchen equipment. With the equipment you have, you sell enough to earn $1000/month in profits over 2 years. However, the oven must be cleaned every e months, which costs you $400 per cleaning. At the end of the 2 years, you sell your oven (fully cleaned) for $1000. The kitchen equipment cannot be resold. According to the description above, what is the total acquisition cost of the project! $1,100 $8,000 $8,300 $7,700 $300