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The average charitable contribution itemized per income tax return in Pennsylvania is $792. Suppose that the distribution of contributions is normal with a standard deviation of $103. Find the upper limit for the middle 50% of contributions.
A warehouse is proposed costing $200,000. The warehouse has a useful life of 35 years and a salvage value of $35,000. Annual receipts of $37,000 are expected, annual maintenance and administration costs will be $8,000/year and taxes $5,000 per year. ..
Highlight the mistakes and/or half-truths in each of the following statements. Answers should not exceed 10 lines each.
Externalities. A neighbor has rented his house to students who like to party late into the night. I like to get to go to sleep early to make it to my 8AM classes. What are the conditions of an efficient resolution to this dispute?
Two Cournot duopolists produce in a market with demand P = 100 − Q. The marginal cost for firm 1 is constant and equals 10. The marginal cost for firm 2 is also constant and it equals 25. Given this information, would you recommend the merger? Explai..
Provide a definition of Foreign Direct investment (FDI). Provide an example. Why do you think Starbucks originally chose to expand internationally through licensing its format to foreign operators? Define "offshore production." Why do you think it is..
Discuss the strategy at HK Disneyland in the context of standardization versus differentiation of attractions.
Sammy has a drone that he values at? $1,500. Dean values the same drone at? $2,000. Sammy decides to sell the drone to Dean for? $1,800. What is the total cooperative surplus gained as a result of this? trade?
The Short Run total cost curve of a firm in a hypothetical market is given by. What is the shut down price? What is the break-even point of the firm? What is the equation for the firm’s short run supply schedule?
What is a real-time system (RTS) and what are its main characteristics?
Boris budgets $40 week for his morning coffee with milk. He likes it only if it is prepared with 3 parts coffee, 2 part milk U= min{3/2M,C}. Coffee costs $2/oz, milk $1/ oz. (For the questions below, show your work briefly) How much coffee and how mu..
The market price of pizza in College Town decreased recently. Some students in an economics class suggest that the price fell because several new pizza parlors opened for business in the area. If the equilibrium quantity of pizza increased, then the ..
1. Should AI be regulated? By who and how? If not why not? (100 words)
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