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A local market for clay bricks has weekly demand described by P=1.55-0.008Q and supply described by P=0.32+0.0012Q. Calculate the equilibrium price.
(a) To what degree is radio broadcasting a public good? (b) To what degree is a highway a public good?
Suppose Jilbo can make 18 flower pots or 2 coffee mugs per day. Her cousin Jimbo can make 10 flower pots or 6 coffee mugs per day. What is the opportunity cost for Jilbo of producing 1 flower pot? of 18 flower pots? What is the opportunity cost for ..
Suppose you win a lottery, and your after-tax gain is $40,000 per year until you retire. As a result, you decide to work part time at 32 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..
the bureau of labor statistic and federal reserve bank in st. louis both have a lot of economic information. base on
Evaluate the following statements using graphical analysis. Provide a brief narrative explanation of your graph to support your evaluation. Make sure the axes and curves in your graphs are properly labeled. “When demand for home heating oil increases..
Should the Federal Government increase social services initiatives to improve the quality of life issues for the less fortunate ones. (For instance: promoting training/educational assistance initiatives to help the unskilled workers obtain/hold jobs;
What effect should each of the following have upon the demand for portable music players in a competitive market? Explain your reasoning in each case.
In the use of contingent valuation under cost-benefit analysis: A.people's travel costs determine the value of a public good. B.the value of similar market-traded goods estimates the value of a public good. C.direct surveys of the people are used to ..
The current stock price is $24.59. What is the dividend yield for this stock using this information?
Suppose that the monthly demand for AIDS treatment is Pn = 100 − Qn in North America and Ps = 60 − Qs in Sub-Saharan Africa due to lower income. The marginal and average variable cost of producing a month’s treatment is $20. Calculate the implied pro..
An engineering student must decide whether to pay for auto insurance on a monthly or an annual basis. If paid annually, the cost is $1650. If paid monthly, the cost is $ 150 at the start of each month. What is the rate of return for buying the insura..
A construction firm has purchased a crane that comes with a 3 year warranty. Repair costs are expected to average $4500 per year beginning Year 4 when the warranty expires. Determine the present worth of the crane's repair cost over its 15-year life...
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