An applicant is applying for a $150,000 mortgage at 6% interest. The monthly payment (principal and interest only) is $899.33. Property taxes are $3,000 per year. Homeowners insurance premiums are $500 annually. The Homeowners Association dues will be $35 per month. The applicant has student loan payments of $50 per month; credit card payments of $45 per month, cell phone bills of $90 per month; cable television bills of $75 per month and a car payment of $325 per month. The applicant earns $55,000 per year. What would be the applicant's Housing Ratio:

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?