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Biff owns and operates a golf driving range on land that he also owns. Last year his accountant calculated that his driving range makes $50,000 profits per year. Last year a property management company offered to lease Biff's land from him for $80,000 per year forever. Calculate the economic profits of Biff's driving range last year. If the property management company offers the same land lease deal to Biff this year, should he take the deal? Explain why or why not, and use your calculation of Biff's economic profits in your explanation. (This is a simplified question that you must answer; the answer "insufficient information" is unacceptable.)
In this Discussion, you will consider how Big Data can solve some problems in your day-to-day routine and your living environment.
Illustrate what is the opportunity cost for Italy if they only produce 1 bushel of grapes? What about 1 computer.
How has Digital Media influenced (or changed) children of this generation? How are their lives different than ours? Include a historical (before and after the digital media) and global perspective (include discussion of the US and at least two add..
Consider a program which computes the square root of an input integer between 0 and 5000. Determine the equivalence class test cases. Determine the test cases using boundary value analysis also.
Utilizing a supply and demand analysis, what would placing rent controls due to the number of apartments accessible for low-income individual.
Use the corresponding models and the interest rate and exchange rate effects to evaluate the respective effects of the two proposed policies in view of the US politicians' goal of reducing the country's twin deficit and make well-argued policy rec..
(a) What is the equation for the market demand for Harry Potter books if all consumers have the same equation for demand as Laurel? (b) What is the price elasticity of the market demand for Harry Potter at P = 12.5? Compare it to Laurel's price e..
Very important information regarding calculating the income elasticity of demand
If the crossprice elasticity between Good A and Good B is -1.5 and the percentage change in quantity demanded of Good B is 15%, what is the percentage change in the price of Good A?
Consider the optimal growth model with inelastic labor supply, and for simplicity assume that there is no population or productivity growth. What are the long-run effects of this change on capital
The Wisconsin state legislature enacts a statute that prohibits the advertising of video games "because the games might be harmful to minors."
Suppose that the federal government’s annual budget deficit is $250 billion and that the Fed’s holdings of government securities increase by $10 billion over the year. How much of the deficit was monetized?
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