A consumer purchases a new house for his own family to live in. The price is $600,000 and it will last for 60 years. Under the expenditure approach:

The following securities are generally backed by the full faith and credit of the United States government:

If the price elasticity of demand is unit then a fall in price:

Trading Co. uses the percentage-of-completion method to recognize revenue. In 2000, Trading Co., agreed to construct a facility at a total contract price of $27.0 million and a total expected cost of $24.0 million. At the end of 1999 estimated costs have been changed to $25.0. Actual costs and cash inflow information are presented below (in $ millions):

What will Trading Co. report as net income in 1998, 1999 and 2000 respectively?

A trial generates only two results, "success" and "failure." The probability of success is higher than that of failure. The variance of the number of failures in 20 trials equals 2.35. The probability of success on a given trial equals ________.