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Consider the annual worth of an investment that has the following parameters: a $500,000 initial investment, annual savings of $92,500 for a 10-year period, a salvage value of $50,000, and a MARR of 10%. What would the annual worth be if the annual savings turned out to be actually 50% less? Enter only the signed number with no other symbols.
Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?
suppose an economy is characterized by the standard cobb douglas production function in per capita terms yak ?? h 1-??.
Many cities regulate taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab, where enforcement officials can easily see it.
What monetary policies do you think caused the crisis What were the effects of the policies implemented in reaction to the crisis Do you think the solutions worked in the short term In the long term
Assume that your firm above is the N.Y. Yankees and the league owners impose a lump sum tax of $4 million dollars on your firm.
Assume that there are two countries, Argentina and Brazil, each producing wheat and wine from capital labor. Suppose that Argentina has abundant capital and scarce labor when compared to Brazil; that wheat is capital intensive relative to wine.
Describe the difference between the purchase of capital and the rental price of capital. If you know the value of marginal product from the flow of capital services, how would you determine the market price for the capital stock
Many important economic theories develop as a result of particular economic crises facing societies. Can you locate any such cases with Thomas Malthus, David Ricardo, and Karl Marx?
What is the difference between supply-side and demand-side economics? How do the above concepts fit into these definitions? Which do you agree with most as a solution to stimulating growth, and why?
Aggregate supply reflects billions of production decisions made through, consumers when they decide which products to buy.
For the product shown, assume that the minimum point of each firm's average variable cost curve is at $2. Construct a demand and supply diagram for the product and indicate the equilibrium price and quantity.
A graph the autarky equilibrium for an economy
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