Lydia is a senior in high school. she works 20 hours a week at a popular clothing store. she is trying to save as much
money as possible for her college tuition. however, she has to buy a dress for prom, pay her car insurance, and get a
birthday gift for her sister. this week she received a $400 paycheck. she wants to deposit the entire check in her savings
account for her college tuition, but she stops herself. she decides instead to put $100 in the bank, spend $200 for her
prom dress, pay $80 for her car insurance, and buy her little sister a $20 birthday gift. while shopping, she sees a doll
worth $21, which she thinks her sister will absolutely love. as a result, she decided to buy the more expensive doll and
spend less on her dress.

what is lydia's scarce resource?

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Investment x offers to pay you $5,700 per year for 9 years, whereas investment y offers to pay you $8,300 per year for 5 years. if the discount rate is 6 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y $ if the discount rate is 16 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y