Public choice deals with a. negative and positive externalities. b. public-sector decision making. c. how people choose between several mutually exclusive options. d. bond, stock, and money markets. e. none of the above

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th?

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When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is