The table below shows two demand schedules for a given style of men’s shoe—that is, how many pairs per month will be demanded at various prices at a men’s clothing store in seattle called stromnord. price d1quantitydemanded d2quantitydemanded$75 53 1370 60 1565 68 1860 77 2255 87 27suppose that stromnord has exactly 65 pairs of this style of shoe in inventory at the start of the month of july and will not receive any more pairs of this style until at least august 1. required: a. if demand is d1, what is the lowest price that stromnord can charge so that it will not run out of this model of shoe in the month of july? enter your answers as whole numbers. b. what if demand is d2? c. if the price of shoes is set at $75 for both july and august and demand will be d2 in july and d1 in august, how many pairs of shoes should stromnord order if it wants to end the month of august with exactly zero pairs of shoes in its inventory?

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

Suppose that a major city’s main thoroughfare, which is also an interstate highway, will be completely closed to traffic for two years, from january 2014 to december 2015, for reconstruction at a cost of $535 million. if the construction company were to keep the highway open for traffic during construction, the highway reconstruction project would take much longer and be more expensive. suppose that construction would take four years if the highway were kept open, at a total cost of $800 million. the state department of transportation had to make its decision in 2014, one year before the start of construction (so that the first payment was one year away). so the department of transportation had the following choices: (i) close the highway during construction, at an annual cost of $267.5 million per year for two years. (ii) keep the highway open during construction, at an annual cost of $200 million per year for four years. now suppose the interest rate is 80%. calculate the present value of the costs incurred under each plan.

The general willingness of consumers to purchase a product at various prices is