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1. From historical data, you discover that the na- tional average construction cost of middle schools is $10,500 per student. If the city index for El Paso is 76.9 and for Los Angeles it is 108.5, estimate the total construction cost for a middle school of 800 students in each city.
2. A consulting engineering firm is preparing a pre- liminary cost estimate for a design/construct proj- ect of a brackish groundwater desalting plant. The firm, which completed a similar project in 2001 with a construction cost of $30 million, wants to use the ENR construction cost index to update the cost. Estimate the cost of construction for a similar- size plant in mid-2006 when the index value was 7700.
What is the profit-maximizing level of output and price for the monopolist? Now suppose that this rm is in a perfectly competitive industry, still facing the same marginal cost curve. (Assume that the average cost curve of this rm always lies below i..
Assignment2: Quantitative Exercises Your consulting firm was justgranted an exclusive contract for your state. You now must decide your pricingpolicy, given the following relationships:
A change in the real money supply can result either from change in the nominal money supply through Federal Reserve policy ( holding the price level constant) or from a change in the price level( holding the nominal money supply constant).
Suppose that in an economy a $40m increase in consumption leads a $200m increase in national income. Calculate the value of this economy's marginal propensity of save.
How to analyze a ANOVA single factor survey results? There were 30 questions asked to 35 people regarding stress factors at work.
A consumer consumption set
what is the key assumption needed to show how one can construct a numerical utility function out of just a preference
using production function and mpk diagrams answer the following questions. for simplicity assume there are two
An accountant for a car rental company was recently asked to report the firm's cost of producing various levels of output. What is the average fixed cost of producing 2 units of output? What is the average variable cost of producing 2 units of output..
Formulate the problem as an IP problem to minimize handling cost, and then solve it in Solver.
The long-run supply curve for a good is a horizontal line at a price $3 per unit of the good. The demand curve for the good is QD = 50-2P. then what is the equilibrium output of the good.
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firms likely use for each type of good and why?
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