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If the elasticity of crime with respect to the number of police is estimated to be -0.5 and the number of police fell by 5% and annual expenditures on police are equal to $60 billion and the cost of crime to victims is estimated to $400 billion then decreasing the police by 5% was
1. unwise; the additional crime is estimated to cost society $20 billion while the cost savings from decreasing the size of the police force was only $1.5 billion
2. unwise; the additional crime is estimated to cost society $18 billion while the cost savings from decreasing the size of the police force was only $3 billion
3. unwise; the additional crime is estimated to cost society $10 billion while the cost savings from decreasing the size of the police force was only $3 billion
4. wise; the additional crime is estimated to cost society $3 billion while the cost savings from decreasing the size of the police force was $18 billion
Draw two diagrams, side by side with the money market diagram for Denmark on the left and the expected return in krone / exchange rate diagram on the right hand side.
The Aggregate Demand for goods and services in an economy must at every moment equal the value of Real Gross Domestic Product because both are defined to be the sum of (C+I+G+X-IM).
Consumers reduce autonomous consumption.
The summer beach house rental season is June through early September; what will happen to the price and quantity of beach house rentals in New Jersey during the summer season compared to the off-season Is there a movement or a shift, why
in calculating the incremental cost of a particular project how would you treat the possible future costs of a lawsuit
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the world bank is currently advising newly industrialized countries on how to encourage growth and they have asked for
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You are the manager of a firm that sells its product in a competitive market at a price of $50. Your firm's cost function is C = 40 + 5Q^2. Your firm's maximum profits are: A. 125, B. 250, C. 100, D. 85 6. A perfectly competitive firm faces:
Determine what are the reporting reasons on why gasoline prices have been fluctuating and trending upward for the past twelve months.
Adolph Berle and Gardiner Means argued that widely held corporations will be run inefficiently by professional managers. Their argument is based on:
Amityville has a competitive chocolate industry with supply curve Ps =440+Q. While market demand for chocolate is Pd=1200-Q, there are external profits that the citizens of Amityville derive from having
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