Your favorite uncle left you his baseball card collection in his will. Since you are not...

Question

Question

Your favorite uncle left you his baseball card collection in his will. Since you are not...

Your favorite uncle left you his baseball card collection in his will. Since you are not a fan, you auction them off on an Internet website. Since nothing was created, how could this decision have created wealth?

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

The wealth was created in the form of proceeds received from the auction.

The baseball card collection was left as part of the will. The same was auctioned and in return amount would have been received from the buyer of the cards that were auctioned.

This amount is the wealth that was created from the auction.

Add a comment

Answer 2

Similar Homework Help Questions

Your favorite uncle left you his baseball card collection in his will. Since you are not...

Your favorite uncle left you his baseball card collection in his will. Since you are not a fan, you auction them off on an Internet website. Since nothing was created, how could this decision have created wealth?
Question 2: Bobby inherited a baseball card collection so large that he decided to quit his...

Question 2: Bobby inherited a baseball card collection so large that he decided to quit his job to sell the cards on eBay. A major part of the “production” process involves shipping the cards to collectors across the U.S. The production function corresponding to shipping q baseball cards is given by q = 1/2 U + F where U indicates the number of cards shipped by USPS and F indicates the number of cards shipped by Fedex. (USPS loses the...
4. Your grandfather left you his coin collection in his will. It contains sixty 1952 silver...

4. Your grandfather left you his coin collection in his will. It contains sixty 1952 silver dolla Assuming your grandfather purchased them at face value ($1 each) when they were new, he much is your collection worth today (2018)? Assume they appreciated at a rate of 10% annual Show your work. g 0.04 million 4. Your grandfather left you his coin collection in his will. It contains sixty 1952 silver dollars. Assuming your grandfather purchased them at face value ($1...

When his favorite Uncle Gene had a stroke, Robby became concerned that he might be next...

When his favorite Uncle Gene had a stroke, Robby became concerned that he might be next to have a stroke because he and his uncle were so much alike. An internet search on ways to lower the risk of heart attacks and strokes turned up a number of sites. On several websites that sold a variety of supplements. Robby read that fish oil supplements as well as a number of other supplements could lower his risk of stroke by thinning...
Your grandfather left you his coin collection in his will. It contains sixty 1952 silver dollars....

Your grandfather left you his coin collection in his will. It contains sixty 1952 silver dollars. Assuming your grandfather purchased them at face value ($1 each) when they were new, how much is your collection worth today (2018)? Assume they appreciated at a rate of 10% annually. Show your work.
On a trip home during the summer break, you pay your Uncle Dave a visit at his record store. When...

On a trip home during the summer break, you pay your Uncle Dave a visit at his record store. When you walk in, you notice there is not one single customer. “I have run this store since the 1980s,” Uncle Dave says with a sigh. “We were the first store in this whole town to sell compact discs! But now, it feels like we’re at least a decade or two behind the times. No one buys records anymore—or even CDs!...

Let's go back to your rich long lost uncle who passed away and left you $50,000....

Let's go back to your rich long lost uncle who passed away and left you $50,000. Do you think you could make good investments by exchanging foreign currencies? How does arbitrage figure into your decision making? Would your foreign exchange strategy be long-term or short-term?
FUCCEMU 0.04 million 4. Your grandfather left you his coin collection in his will. It contains...

FUCCEMU 0.04 million 4. Your grandfather left you his coin collection in his will. It contains sixty 1952 silver dollars. Assuming your grandfather purchased them at face value ($1 each) when they were new, how much is your collection worth today (2018)? Assume they appreciated at a rate of 10% annually. Show your work TOBOR Question 1 20 pts DEFINE-INTERCULTURAL COMMUNICATION, DOMINANT CULTURE, CO-CULTURE, SOCIETY, INDIVIDUAL UNIQUENESS HTML Editora BIVA - A - I E331 XX, E DO NVO (D...
Uncle Fred recently died and left $370,000 to his 45-year-old favorite niece. She immediately spent $120,000...

Uncle Fred recently died and left $370,000 to his 45-year-old favorite niece. She immediately spent $120,000 on a town home but decided to invest the balance for her retirement at age 65. What rate of return must she earn on her investment over the next 20 years to permit her to withdraw $85,000 at the end of each year through age 85 if her funds earn 9 percent annually during retirement? Use Appendix A and Appendix D to answer the...

Uncle Fred recently died and left $320,000 to his 45-year-old favorite niece. She immediately spent $120,000...

Uncle Fred recently died and left $320,000 to his 45-year-old favorite niece. She immediately spent $120,000 on a town home but decided to invest the balance for her retirement at age 65. What rate of return must she earn on her investment over the next 20 years to permit her to withdraw $75,000 at the end of each year through age 80 if her funds earn 10 percent annually during retirement? Use Appendix A and Appendix D to answer the...

Your favorite uncle left you his baseball card collection in his will. Since you are not...

Homework Answers

Add Answer to:
Your favorite uncle left you his baseball card collection in his will. Since you are not...

Post as a guest

Earn Coins