Jean and Jude own a townhome that was purchased for $165,000 on 6/30/2007. Current property values in the area have not substantially recovered to their pre-2008 values. They believe that their current mortgage balance exceeds the townhome's current market value by $30,000.

Their family has grown from 2 to 4 (twins, boy and girl) and as a result they need more living space. The children will be starting school within the next 6 months. They are not pleased with the quality of the current school system. They need more living space and want their children to attend school in a better school district. Jean and Jude have decided to look for a different home. They would like a detached single-family home with at least 3 bedrooms, 2 full baths, a 2-car garage and a ¼ acre back yard.

After interviewing several Realtors, Jean and Jude have selected you to find them a new home and discuss the options of either selling or renting their current home.

Jean and Jude have asked for you to provide the following. How would you respond?

1. Explain the three methods used to appraise the value of our townhouse and recommend the most appropriate method to use.
2. Explain and describe the information included on the TRID form and how it benefits the home buyer?
3. If we decide to rent out our home, we would like to exclude tenants that have a pet of any kind or for any purpose. What, if any, government regulations will impact this decision?
4. List the steps in the loan process used to qualify us for a mortgage and explain how our current mortgage balance may impact the qualification decision?
5. Explain the advantages and disadvantages of selling or renting our townhouse. Assume that we would have to take an early distribution from our individual 401Ks to make the down payment on a new home.
6. If we stopped making the monthly mortgage and escrow payments, what action(s) would the bank take?
7. Regarding our townhouse, which course of action would you recommend: selling the townhouse, renting the townhouse, or stopping the mortgage and escrow payments?

Explain how the US free market economic system is founded upon the concept of private property rights as stated in the US Constitution. Be explicit concerning which parts of the US Constitution apply, how they apply, and give real world examples of how this relates to how a market economy answering the 3 fundamental questions of economics as opposed to how a command economy answers the 3 fundamental questions.

Strategies by definition, must employ the entire organisation if it is to achieve its long-term goals.Given that today's markets are in constant flux requiring organizations to be nimble if they are to adapt and compete,are strategies even necessary?One could argue that strategies can " shackle" an organization and prevent them from competing successfully in a volatile global economy.Is this position founded? Discuss its merits,provide and defend your position.

The local movie theater industry has a demand curve of P=26-.2Q for a movie showing (please note the decimal in front of the 2). It has a supply curve (MC curve) of $2, because the theater figures for each customer there will be a cleanup cost afterwards. In reality, a theater might sell food and drinks for extra profits, but this one does not.

1. What is allocative efficiency? What is the price of a ticket and number of patrons (quantity) that will result in allocative efficiency? Why is this price not practical?
2. If the theater, the only one in town, wishes to price as a monopoly, what would the price of a ticket and quantity (number of patrons) be?
3. If this theater would like to price discriminate by charging some $20 and letting them sit in the front rows, regular customers the monopoly price, and senior citizens who do not sit in the front $5, by how much would the $20 price increase profits over a regular monopoly price? By how much would the $5 price increase profits over the regular monopoly price? By having three prices instead of one, how much would profit increase by? Explain your answers and demonstrate with a graph.
4. Assume another theater opens so there are two theaters in town. The marginal cost and demand curve remain the same for the industry, but there are now two firms instead of one. Use the Cournot model of duopoly to determine the new movie theater ticket price with two theaters instead of one. Explain your answer and include a graph.
5. What would be the Lerner Index for these two theaters? What does this number measure?

The local movie theater industry has a demand curve of P=26-.2Q for a movie showing (please note the decimal in front of the 2). It has a supply curve (MC curve) of $2, because the theater figures for each customer there will be a cleanup cost afterwards. In reality, a theater might sell food and drinks for extra profits, but this one does not.

1. What is allocative efficiency? What is the price of a ticket and number of patrons (quantity) that will result in allocative efficiency? Why is this price not practical?
2. If the theater, the only one in town, wishes to price as a monopoly, what would the price of a ticket and quantity (number of patrons) be?
3. If this theater would like to price discriminate by charging some $20 and letting them sit in the front rows, regular customers the monopoly price, and senior citizens who do not sit in the front $5, by how much would the $20 price increase profits over a regular monopoly price? By how much would the $5 price increase profits over the regular monopoly price? By having three prices instead of one, how much would profit increase by? Explain your answers and demonstrate with a graph.
4. Assume another theater opens so there are two theaters in town. The marginal cost and demand curve remain the same for the industry, but there are now two firms instead of one. Use the Cournot model of duopoly to determine the new movie theater ticket price with two theaters instead of one. Explain your answer and include a graph.
5. What would be the Lerner Index for these two theaters? What does this number measure?

You believe the rate of students who fail the SOL is lower for school A than school B. A random sample of 500 students from school A showed that 5.8% failed. A random sample of 400 students from school B revealed that 7.5% failed.

A: Verify the assumptions.

B:State the hypotheses

C:What is the test statistic?

D:Test this hypothesis at the significance level .02

E:What is your conclusion?

Many elementary school students in a school district currently have ear infections. A random sample of children in two different schools found that 21 of 42 at one school and 15 of 35 at the other had this infection. Conduct a test to answer if there is sufficient evidence to conclude that a difference exists between the proportion of students who have ear infections at one school and the other. Find the test statistic.

(a) A soda maker conducted a survey in 3 schools to see if children liked their brand over a generic soda. Results are in table

Using .05 level find out if the true amount of children liked the soda makers soda over the generic kind.

Josh recognizes that not only will he have the costs of attending school, but he will also be giving up a salary while he attends school. He figures the average salary for those with only a high school diploma is $30,000. He assumes he would receive a 2.4% cost of living raise each year. Determine how much money he will forgo while attending school.