Minnetonka company leases an asset. information regarding the lease: fair value of the asset: $400,000. useful life of the asset: 6 years with no salvage value. lease term is 5 years. annual lease payments are $60,000 implicit interest rate: 11%. minnetonka can purchase the asset at the end of the lease period for $50,000. what type of lease is this? a) operating. b) finance. c) short term. d) long term.

Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.