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Doug is a recent high school graduate considering three careers that involve flowing water. He can begin work immediately at the municipal Water Department, which would pay him (in real terms) $30,000 each year for the next 45 years. A second choice is to spend five years in college, with an annual tuition of $25,000 per year, and become a civil engineer; this would allow him to earn $55,000 per year for the 40 years after he graduates. The final option is to get the same civil engineering degree (just as before), spend the following 5 years getting a Ph.D. in hydrology (with no tuition and a $15,000 annual fellowship), and then work for 35 years as a groundwater specialist who earns $75,000 per year. a. If the interest rate were 7 percent, which option would Doug choose? Use a spreadsheet program (your choice-Excel, QuatroPro, whatever) to perform your calculations, and attach the output of that exercise. The top line of your output should look like the following. Remember to start in Year 0 (i.e., the first payments are made and/or received immediately, not one year from today) and end in Year 44.
Does the Law of Demand hold for Natty Light? Prove using calculus.Is Natty Light a normal or an inferior good? Prove using calculus.
Evaluate the following statement: Even if the prices of a large number of goods and services in the economy increase dramatically, the real GDP for the economy can still fall.
commercial recording inc. is a manufacturer and distributor of reel to reel recording decks for commercial recording
One of the major problems facing Cisco Systems and other direct sellers is
consider the following public policies in the market for cigarette smoking an aggressive anti-smoking media campaign
Describe how the circular flow diagram illustrates the interaction of households, governments, and business and Describe the relationship between market and aggregate supply and demand?
recognize the various ways in which businesses interact with and manage their supply chain. explain steps that occur
A combination of low prices with strong competition by foreign competitors and so-called "legacy costs" of unions are cited as the primary reasons why so many steel companies are filing for bankruptcy. In 2002, as Brownstown Steel Corp.
what do you mean by a social welfare function? if you assume that such a function exists what properties of social
Define marginal product, marginal revenue, value of marginal product (VMP), the marginal revenue product (MRP) of a resource and explain the relation between MRD and demand for that resource.
Ronald owns a cattle farm at the source of a long river. His cattle’s waste flows into the river and down many miles to where Carla lives. Carla gets her drinking water from the river. By allowing his cattle’s waste to flow into the river, Ronald imp..
Explain the authors opinion of economic cooperation between the u.s. and canada and information from the article that support explanation.
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