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A county is considering using a piece of park land for one of two alternative recreation projects. Project A would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years. (Assume the benefits are realized at the ends of years 1 through 10). Project B would require construction costs of $4 million and generate net benefits of $1 million per year for 20 years. (Assume the benefits are realized at the ends of years 1 through 20). If these figures are in real dollars, and the real discount rate is 7 percent, which project would the county select?
Question 1: The reason that the production possibilities curve is usually a bow-shaped curve instead of a straight line is that Question 2: If the resources of an economy are being used inefficiently, it would be
Tangible would be the treatments themselves, i.e. the alterations they make. Intangible would be the uplifting experience, the sense of well-being, increased confidence etc.
Research monetary and fiscal rules that have affected a particular chosen industry and determine two sources to help you answer following questions about the industry you select.
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
Classify the following utility functions as risk averse, risk neutral or risk seeking and draw the relevant diagrams
Use Excel program to estimate of the state's demand for KBC microbrews in Ohio. Print (past) the computer regression output and provide an economic interpretation of the regression results.
Exports and imports total in the billions of dollars for each country. Explain what this tells you about our society.
using appropriate graph explain your answers to following questions.a yesterday the current exchange rate was 1.05 u.s.
A monopolist has determined that marginal revenue is $2.00 and average cost is $1.75. It has also determined that the lowest sustainable average cost is $1.75. To maximize profit, should the firm lower its price, increase its price, or leave the p..
Illustrate what are the pros and cons of performing an engineering economic analysis
Following Dr David Oldmeadow's lecture on "Engineering for Remote AboriginalCommunities", what do you understand by ‘ugly', ‘bad' and ‘good'?
Elucidate whether demand for that products and/or services is relatively price elastic or relatively price inelastic and explain why.
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