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The city of Econville has three bookstores on the Main Circle that is 1 mile long. The bookstores have no costs. The distance between any two neighboring stores is the same and equal to 1/3 miles. There are 100 residents uniformly located along the Main Circle. Each resident rents one book per day provided that the price charged is no more than $5. If a consumer is located s miles from a store the transportation costs in getting a book from that store is $.50s. What price will the three stores set given they act as price competitors? What profits do they earn?
List the potential costs and benefits of placing a substantial percentage of pay at risk for all employees in the following types of organizations: a hospital, a restaurant, a brokerage firm, and a fashion design house.
The burden of a tax falls on? _______. Capital income in the form of interest on bonds and bank deposits and dividends on stocks is taxed twice. Capital is internationally? mobile, so the supply of capital is highly inelastic. Capital income tax is p..
Governments impose taxes for several reasons. The most obvious reason is to raise tax revenues for the government. If the goal of a government is to raise the maximum tax revenues, should a per unit tax be imposed on an item that has a price elastici..
Temple Corp. is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, would be depreciated by the straight-line method over its 3-year life, and would have a zero salvage value. No new working c..
What supply curve of turkeys shifts leftward. Tthe demand curve for turkeys shifts leftward ?neither the demand curve nor the supply curve shift; instead there is a movement along both curves.
Assuming that the marginal product of labor is constant between 10 also 11 workers also the marginal product of capital is constant between 3 also 4 machines.
You decide today that given the current price level (i.e. cost of living) you would be willing to accept any job that pays at least $50, 000. You will not accept any o?er below this. Currently, the CPI is 238 (recall, the base year for the CPI is 198..
As the Euro appreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in Europe. Elucidate what happens to the price of European goods in the U.S.
P is the price measured in a common currency used in both countries, such as the Thai Baht. Now assume that free trade occurs. The free-trade price goes to 56.36 Baht. Who exports and imports cameras and in what quantities?
Macroeconomic equilibrium and the multiplier effect The following graph shows a hypothetical economy in short-run equilibrium at an output level of $400 billion and a price level of 100. Suppose that potential GDP in this economy is $200 billion. Use..
Identify an issue important to you, briefly state why this issue is important to you then, from the e-activity, succinctly discuss whether or not your elected representative reflects your position. What is their stated position regarding the issue? D..
Suppose that over the past 50 years, the nominal and real deficit of a country grew from $100 billion to $200 billion. Suppose that, over the same time, real GDP grew from $100 billion to $300 billion. Using __________, we can give an accurate pictur..
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