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A minicomputer purchased in 2010 costing $12,000 has no salvage value after 4 years. What is the depreciation allowance for Year 2 and book value at the end of that year?
There are some economists that defend the notion that government works against competition within certain industries and as a result, the industry becomes less competitive AND much more smaller. For example, the government may put up new regulations,..
Which of the following types of costs is more relevant when making production decisions? a) Marginal costs b) Sunk costs c) Fixed costs d) Average costs
Suppose Audrey and Nicky are cousins with a destructive streak. Audrey is 1 year old and has a 10% chance of creating substantial damage in the next year, in which case the expected cost is $2000. Nicky is 2 years old and has a 5% chance of creating ..
For years, local and state agencies, as well as the federal government, have struggled with what should be done with those offenders who have been sentenced to prison for violations of the law. Two popular options remain: house them (retain) or rehab..
Mari Sue, who is 16, crashes her mother’s car. Her mother is responsible for the damages caused by her daughter under A. contributing to the delinquency of a minor law. B. family car doctrine. C. failure to exercise proper supervision law. D. none of..
Assume that the banking system is loaned up and that any open-market purchase by the Fed directly increases reserves in the banks. If the required reserve ratio is 0.2, by how much could the money supply expand if the Fed purchased $2 billion worth o..
solve for consumer surplus, producer surplus, government revenue, and total surplus with the tax. solve for the change in consumer surplus, the change in producer surplus, the change in government revenue, and change in total surplus.
Suppose that consumer’s utility is described by the following function: U(x;y) = x2y, where x is the amount of good X that the consumer consumes and y is the amount of good Y that the consumer consumes. Consumer’s income is 360 euros. Find the minimu..
While RIMS II, IMPLAN, and other methods regularly deviate substantially from each other in the answers they yield to analytical questions, is there a "band" within results should be considered "more accurate". For example, if RIMS and IMPLAN give a ..
Using the values in the table, calculate the following aggregate expenditures and nominal GDP. Instructions: Round your answers to 1 decimal place. Include a negative sign if necessary.
If the price of peanut butter were to increase, what would likely happen to the demand for jelly? a. The demand for jelly would increase—the demand curve would shift right. b. The demand for jelly would decrease—the demand curve would shift left. c. ..
As a price searcher, a monopoly firm?
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