Bilbo baggins wants to save money to meet three objectives. first, he would like to be able to retire 30 years from now with retirement income of $24,000 per month for 20 years, with the first payment received 30 years and 1 month from now. second, he would like to purchase a cabin in rivendell in 20 years at an estimated cost of $1,488,000. third, after he passes on at the end of the 20 years of withdrawals, he would like to leave an inheritance of $650,000 to his nephew frodo. he can afford to save $2,300 per month for the next 20 years. required: if he can earn a 11 percent ear before he retires and a 10 percent ear after he retires, how much will he have to save each month in years 21 through 30?

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

Eileen's elegant earrings produces pairs of earrings for its mail order catalogue business. each pair is shipped in a separate box. she rents a small room for $150 a week in the downtown business district that serves as her factory. she can hire workers for $275 a week. there are no implicit costs. what is the marginal product of the second worker?

Who is better at multi-tasking? in business, employees are often asked to perform a complex task when their atten-tion is divided (i.e., multi-tasking). human factors (may 2014) published a study designed to determine whether video game players are better than non–video game play-ers at multi-tasking. each in a sample of 60 college stu-dents was classified as a video game player or a non-player. participants entered a street crossing simulator and were asked to cross a busy street at an unsigned intersec-tion. the simulator was designed to have cars traveling at various high rates of speed in both directions. during the crossing, the students also performed a memory task as a distraction. two variables were measured for each student: (1) a street crossing performance score (measured out of 100 points) and (2) a memory task score (measured out of 20 points). the researchers found no differences in either the street crossing performance or memory task score of video game players and non-gamers. “these results,” say the researchers, “suggest that action video game players [and non-gamers] are equally susceptible to the costs of dividing attention in a complex task”