A student who lives in Minneapolis chooses to spend her spring break in Florida rather than in Jamaica because Florida is closer and the plane fare is cheaper. This type of decision-making best illustrates the concept of human capital A time space compression B intervening opportunities C the rank size rule D central place theory

The account titles for transaction (d) 5/5 should appear in the account title column of the journal entry as a. merchant’s bank equipment—store b. cash equipment—store c. a/p—bellhaven bank cash d. inventory—merchandise p. woodsley—capital

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.