Afarmer expects irrigation system will increase real operating receipts by $32,000 per year but will also increase real operating expenses by $8,000. suppose that the inflation rate is 5% and the marginal tax rate is 20%.
(i) what is the nominal net return at the end of year 3?
a. $29,172 b. $22,800
c. $27,783 d. $24,000
(ii) calculate the nominal after-tax net return at the end of year 4.
a. $28,800 b. $27,360
c. $34,560 d. $23,338

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Jasmine would make 10$ an hour

Answerone player's optimal action choice taking the other player's action as given;