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The highway department expects the cost of maintenance for a piece of heavy construction equipment tp be $5000 in year , then increase to $5500 in year 2, and increase $500 annually till year 10. At interest rate 10% per year determine the present worth of 10 years of maintenance costs.
Although most people agree that the government’s role in the free market economy should be limited, the degree of appropriate government involvement is contested
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
q1. a discount store has a special offer on dvd players and lowers their price from 150 to 100. assume the store
1. 1.because bank funding markets are global and have at times broken down disrupting the provision of credit to
During the first 13 weeks of the t.v season the Saturday evening 8:00pm-9:00pm audience proportions were recorded as ABC 29% CBS 28% NBC 25% and independents 18%. a sample of 300 homes two weeks after Saturday night schedule revision yielded the foll..
question 1 the economic surplus of a particular action is answer the value of the action the cost of the action
Consider a market for online movie rentals. The market supply curve slopes upward, the market demand curve slopes downward, and the equilibrium rental price equals $3.50. Consider each of the following events, and discuss the effects they will have o..
Write down a formula that describes the marginal product of labor in the short run as a function of the amount of labor used.
Find the three stages of production. If the wage rate is $500 and the price of output is $5, how many workers should the firm hire? Why?
Illustrate what was the value of the government expenditure multiplier. What was the value of the tax multiplier.
A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
Copiers cost about twice as much as workers. Would you recommend they buy another copier or hire another worker?
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