1. This is a problem I asked on an exam about 30 years ago. Back then the phone system was highly regulated and the price of calls could be significantly different for in-state vs. out of state calls. A phone company offers the following package for in-state calls. First 50 minutes free The next 100 minutes at $0.25 per minute Any additional minutes are at the normal rate of $0.50 per minute. a. Draw the budget constraint for in-state calls and the composite good for a subscriber with an income of $400 per month. b. What is the opportunity cost of making an additional 20 minutes of calls if the subscriber currently makes 40 minutes of calls each month? c. What is the opportunity cost of making an additional 20 minutes of calls if the subscriber currently makes 140 minutes of calls each month?

Forty-two percent of federal revenue comes from . income taxes paid by businesses and corporations make up about of federal revenue. taxes collected for social security and medicare make up of federal revenue.

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.