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A local government is considering four possible countermeasures to reduce crimes in the municipal park. Since each option has a different program length of duration, all benefits and costs are expressed in terms of equivalent annual values. Because of a limited budget, only one countermeasure will be implemented. Which counter measure would you recommend based on the B/C analysis?
Assume that the home country experiences technological growth in the X sector such that α increases to 12. Describe the impact on the free trade price, the pattern of trade and gains from trade.
Illustrate why would you be reluctant to advise that your country increases its money supply.
Illustrate price as well as quantity will maximize revenue. Elucidate the total revenue and price elasticity at this point.
Describe why the general level of wages in high in US and other industrially advanced countries. Determine the single most important factor underlying the long run increase in average real wage rates in the US
Given the supply curve from part a. the price of a Picasso Blue Period work will be entirely dependent on what factor(s)? Draw a diagram showing how the equilibrium price of such a work is determined.Why is this supply curve different from ones you..
Determine the GDP price index
The maintenance price rose by 6% per year instead of the fixed amount what is the present value of the maintenance costs.
The Federal Reserve buys bonds in the open market, an open market purchase. What are the affects on monetary base, the money multiplier and money supply. The choices are increasing, decreasing, or unchanged.
Discuss what type of foreign investments would be best for the economy's PPF. What are the opportunity costs of these decisions? Include what will happen to private and public choices as the economy grows.
Assume the effect on the marginal expenditure curve and compare the pre- and post-minimum wage equilibria.
According to your estimate, elucidate what happens to the Transit Authorityas revenue when the fare increases.
Make supply and demand diagrams for market A for each of the following. Use these diagrams to determine how each of following changes in demand or supply affect equilibrium price & equilibrium quantity.
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