Joe has $500 in spending money for the fall semester. He needs to buy new athletic shoes for gym class. A plain pair costs $30 while a brand-name pair he really wants costs $75. Joe also wants $25 a week to by his lunch in the cafeteria every day. If the semester is 18 weeks long, can Joe afford to buy the name-brand shoes and eat the cafeteria every day?

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.