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How much “control” does Congress have over spending based on the fiscal budget of 2017? Evaluate the amount of discretionary spending vs. non-discretionary spending.
The human resource manager of the XYZ Company makes the following claim: “Our workers make an average of $500 per week. We produce $6000 worth of output each week using only 10 workers. That averages out to $600 per worker per week. We should therefo..
Who gets scarce resources in a market economy?
Buchanan went into a store in Los Angeles. When celebrities Jennifer Lopez and Ben Affleck entered the store to shop, the manager asked Buchanan to leave, but did not give him a reason why he was asked to leave. Two Los Angeles County sheriff’s deput..
You purchase a new house for $200,000 with a 5% down payment. You obtain a 30-year loan at 5% compounded monthly and will make monthly payments on the loan. Closing costs are $1,500. PMI is $150 per month for the first 5 years. Taxes are estimated to..
An alternative requires $60000 to be paid over the course of year 1, $75000 over year 2, and $40000 over year 3. All values are in constant dollars. Using the tables in the chapter, compute the NPV of this alternative.
Suppose the demand for seats at the NFL combine is given by Q=4000-10P. The marginal cost of an additional fan attending the combine is zero. Calculate the optimal number of tickets the NFL should sell to the event. Then indicate whether the NFL coul..
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
Do you think that Business practices in an Islamic country are likely to differ from Business practices in the United States? If so, how? Recognize why many economics believe that unrestricted free trade between nations will raise the economic welfar..
You and your friend are trying to decide where to have dinner. Restaurant #1 has an average price of $20 per person and is 5 miles away. Restaurant #2 has an average price of $30 but is only 1 mile away. Determine the set of all restaurants which wou..
An investor is considering the construction of a new marina on the Detroit river at a cost of $68m. M&O costs will average $80,000 per year for the first five years, and rise to $100,000 per year thereafter. A major overhaul costing $12m will be requ..
Illustrate what is the estimated KWH also illustrate what is the interval which would contain 95 percent of such estimates.
Electron Control, Inc., a manufacturer of voltage regulators for industrial power generators, currently consolidates production at a single plant in Chattanooga, Tennessee, but a multiplant alternative to centralized production is being considered. F..
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