Multiple Choice
A businessman is considering how many limousines to purchase when he starts up a limousine service.Below are his estimates of the number of limousine rentals the service will make during a year,depending on the number of limousines available.
After paying all non-interest expenses,the owner expects to net $10 per rental.Each limousine costs $50,000.How many limousines should he purchase if the real interest rate is 4.5%?
A) 0.
B) 1.
C) 2.
D) 3.
E) 4.
Correct Answer:

Verified
Correct Answer:
Verified
Q77: Which of the following would decrease business
Q78: Jackie is saving more while she is
Q79: The trend in high-income nations from the
Q80: Sam has the following assets and liabilities:
Q81: A feature common to all financial intermediaries
Q83: Increases in the value of existing assets
Q84: Precautionary saving is saving<br>A) to meet long-term
Q85: Steve uses $300 from his paycheque to
Q86: If Alexandra deposits $1,000 from her paycheque
Q87: Holding all other factors constant,a decrease in