Indigo marina has 300 available slips that rent for $900 per season. payments must be made in full by the start of the boating season, april 1, 2018. the boating season ends october 31, and the marina has a december 31 year-end. slips for future seasons may be reserved if paid for by december 31, 2018. under a new policy, if payment for 2019 season slips is made by december 31, 2018, a 4% discount is allowed. if payment for 2020 season slips is made by december 31, 2018, renters get a 18% discount (this promotion hopefully will provide cash flow for major dock repairs). on december 31, 2017, all 300 slips for the 2018 season were rented at full price. on december 31, 2018, 209 slips were reserved and paid for the 2019 boating season, and 54 slips were reserved and paid for the 2020 boating season. (a) prepare the appropriate journal entries for december 31, 2017, and december 31, 2018.

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.