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You purchased a commercial warehouse in March 2010. The cost of property was $200,000 which includes $25,000 for the value of the land. Determine the amount of depreciation that is allowed during the first year of ownership.
Determine the economy current stage in the business cycle and support your answer with an article written within the last week from popular press or blog.
Suppose that ranchers can buy up to a collective total of 200 cows and run them on the open range. The value of each cow after it has grazed is given by V= $2000-10C, where C is the total number of cows on the range.
Assume a company expects that a $20 million expenditure on R&D will result in a new product that will rise its revenue by a total of $30 million 1 year from now.
In equilibrium, the firms set identical quantities: Q1 = Q2. Find the firms' equilibrium quantities, prices, and profits. c. Compare the firms' profits under quantity competition and price competition. Provide an intuitive explanation for why pric..
2. What will happen to equilibrium income in the following cases a. The mpe is 0.8, and autonomous consumption declines by $200. b. The mpe and mpc are both 0.5, and taxes rise by $400. How much of an increase in government spending would be required
Craft Unions Both industrial and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
As an international economist you have been tasked to make a short speech which answers the given questions:
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases.
Smith can produce with or without a filter on his smokestack. Production without a filter results in greater smoke damage to Jone. The relevant gains and losses are as follows: Gains to Smith: $200/wk with filter; $245/wk without filter.
Assuming there is no change in demand or the firms cost curves, explain what will happen in the long run to the price of fertilizer, marginal cost, average total cost, quantity supplied by each firm, and the total quantity supplied to the market.
Explain how does this compare to other industrial economies. What is your opinion on this relationship of the budget deficit to GDP.
Find out more about the airline industry. What is the price elasticity of supply for the airline industry.
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