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Compare the efficiency of the following two methods of amending the just-compensation constraint: a. Define just compensation to be fair market value (including relocation costs) plus, say, 20 percent. b. Allow private property owners to make their own assessments of the value of their property. Property owners agree to pay property taxes on that self-assessed value. If the government ever takes the property, it agrees to pay the self-assessed property value as just compensation.
At Northvale Golf club the demand for rounds of golf by each one of the 100 identical senior golf members is given by Dsr in Figure 14.3. Northvale's annual fixed costs are $500,000 and variable costs are constant and equal to $30 per round. If the m..
The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Identify whether all the elements of negligence are present and, if so, who or what entity will be sued successfully:
Create two separate graphs that show current changes in equilibrium interest rates using the MD and MS curves. Describe the following: The Fed's actions to fight recession, The Fed's actions to lower inflation
A manufacturing company produces steel housings for electrical equipment. The main component part of the housing is a steel trough that is made out of a 14-gauge steel coil. Construct a frequency distribution and a percentage distribution. Construct ..
Zeytoon manufacturing company is a foof producer operating out of Orange County California . The management team has estimated the following cost function: What is the minimum efficiency scale or output for this company?
q1. labor is a resource that is necessary to produce many goods. if the price of labor falls says the economist the
Assume the United States has the following consumption information: GDP=Income $4000, $6000,$8000,$10000,$12000; Consumption $4500,$6000,$7500,$9000,$10500. Also the economy has G=$1100, I=$404, and Xn=$15. Unemployment in the economy is currently 5...
What are the potential long term problems for unions in agreeing to labor-management cooperation programs?
Discuss the factors that cause the average income of nonwhites to be lower than the average income of whites. Explain how welfare creates work disincentives. Explain the changes in welfare caused by the "Personal Responsibility and Work Reconciliatio..
Describe the concept of derived demand. Discuss the link between derived demand and unemployment by providing an example from our economy.
Why do you thing they each would work. Illustrate what would the benefits of each action be besides emissions reduction.
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