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A proposed regulation regarding the removal of arsenic from drinking water is expected to have an annual cost of $200 per household per year. If it is assumed that there are 90 million households in the country and that the regulation could save 12 lives per year, what would the value of a human life have to be for the B/C ratio to be equal to 1.0?.
If the random variable X is normally distributed with mean and standard deviation, then the random variable Z defined by is also normally distributed with mean 0 and standard deviation 1.
Allocative efficiency (where P = MC) is most likely to occur under which of the following type of market structures?
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $100.00. Her variable costs are $1,500 for the first thousand posters, $1,200 fo..
How is the fact that more low-income families are sending daughters, rather than sons, to college likely affecting the female income gap in the future? Why do you think economists argue that the female wage gap will not entirely disappear unless wome..
On October 1, Golshan paid $250,000 for a residential rental property. This purchase price represents $200,000 for the building and $50,000 for the land. Five years later, on June 25, she sold the property for $250,000. Compute the MACRS depreciation..
A highway department is trying to decide whether to patch a section of roadway or completely resurface the section. Patching will last two years and require 300 cubic yards of material that costs $700 per cubic yard and $24,000 to improve the roadway..
What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded?
q1. at daves current consumption bundle involving positive units in both hot dogs and sodas his marginal utility for
Henry Ford famously paid his workers more than the market wage. In 1914 he told his board of directors that he wanted to pay $3 a day when the going wage was $2.20. One of the board members snidely asked why not pay $4 or $5 a day; Why do you think t..
Rent control is an example of a price ceiling. Which of the following problems must be addressed under a rent control program?
Using appropriate models or theories, explain the economic intuition (logic) behind the following events. An increase in money supply leads to a fall in short-run interest rate. An increase in real income leads to a rise In short-run Interest rate
A local supermarket lowers the price of its vanilla ice cream from $3.50 per half gallon to $3. Vanilla ice cream unit sales increase by 20 percent. The store manager notices that the unit sales of chocolate syrup increase by 10 percent. What is the ..
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