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For promotion to lieutenant, police officers in a city police department first have to pass a written aptitude test. This requirement was challenged in court by several black officers on the grounds that the test unfairly discriminated against blacks. In order to win the case, what did the black officers have to prove? What did the city have to prove, if anything, to be found innocent of discrimination?
What is opportunity cost of producing a barrel of oil in Saudi Arabia. In United States. Which country has comparative advantage in producing oil.
In what ways might the selected company create a benefit externality? In what ways might it create a cost externality? How might the government respond to the externalities created by the selected company?
q.you are the manager of a large automobile dealership who wants to learn more about the effectiveness of various
Delta Dawn’s Bakery is considering purchasing a new van to deliver bread. The van will cost $21,500. Two-thirds ($14,333) of this cost will be borrowed. The loan is to be repaid with four equal annual payments (first payment at t = 1) based on an int..
When a country, say Greece, adopted the Euro as its currency, what happened to the debt that was based on the Drachma? Was it converted into Euros?
A product that sells today for $100 per unit is expected to escalate in price by 6% in year one, 8% in year two and 10% in year three. Calculate the escalated dollar year three product selling price. If inflation is expected to be 5% in year one, 9% ..
Demand for microprocessors is given through P=35-5Q, where Q is the quantity of mircochips. The typical company total cost of manufacturing chips is Ci=5qi, where qi is the output of company i.
An economist has predicted that for the next 5 years the U.S. will have an 8% annual inflation rate, followed by 5 year at a 6% inflation rate. this is equivalent to what average price change per year for the entire 10-year period?
Suppose that in exactly five years you will recieve a one-time payment equal to $4,000. If the interest rate is 6 percent (compounded annually), approximately how much is this payment worth to you today? In other words, what is the "present value" of..
Illustrat what are the advantages of using capital in the production process. What is meant by the term "division of labor".
The financial department of Delphi Consolidated Industries (DCI) is just starting a two-week retreat in the Canadian wilderness. The president of DCI has been approached by an investment banker who has acquired $1,000,000 in DCI bonds in one of his d..
q.assume that two companies c and d are duo-polist that produces identical products. demand for the products is given
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