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Two methods are being evaluated for constructing a second-story floor onto an existing building at the Pentagon. Method A will use lightweight expanded shale on a metal deck with open web joists and steel beams. For this method, the costs will be $14,100 for concrete, $6000 for metal decking, $4300 for joists, and $2600 for beams. Method B will be a reinforced concrete slab that will cost $5200 for concrete, $1400 for rebar, $2600 for equipment rental, and $1200 for expendable supplies. Special additives will be included in the lightweight concrete that will improve the heat transfer properties of the floor. If the energy costs for method A will be $600 per year lower than for method B, which one is more attractive at an interest rate of 7% per year over a 20-year study period? Use the B/C method.
Classical macroeconomists believed that a market-based economy has ________ self-correcting forces and thus ________ business cycles. The first two years of the Great Depression were dominated by
heavy rains caused the flooding of the mississipi river and the missouri river as well as some of their
Consider again the two countries in the previous question. Suppose the U.S. and Mexico do not trade goods at all, but workers can move freely between them. Will free movement of labor have a similar effect on real wages as free trade of goods? Explai..
a) What is the socially efficient level of security?
Provide a brief description of the status of the company that led to its determination that a change was necessary.
Suppose Pz= $30. Determine the supply function and inverse supply function for good X. Graph the inverse supply function.
Explain what you know about how unemployment benefits work and your opinion on the unemployment compensation system.
Two small airlines provide shuttle service between Las Vegas and Reno. The services are alike in every respect except that Fly Right bought its airplane for $500,000, while Fly by Night rents its plane for $30,000 per year. Analyze fixed costs, Ma..
second-degree price discrimination is also known asblock rate setting.captures all consumer surplus.sets a different
suppose that Abel builds a factory next to Baker´s farm, and air pollution from the factory harms Baker´s crops. Is Baker´s property right to the land being violated Is an externality present What if the pollution invades Baker´s home and harms he..
Suppose that virtually everyone in the United States decides to take life a little easier, and the length of the average workweek falls by 25%. How will that affect GDP Per capita GDP How will it affect economic welfare
you compete with many firms offering similar products monopolistic competition. an economic consulting firm has
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