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The Hawaii Department of Transportation has planned a bypass loop that is expected to cost $9,000,000 and save motorists $820,000 per year in gasoline and other automobile related expenses. However, local businesses will suffer sales losses estimated at $135,000 each year (a) calculate the conventional B/C ratio using a discount rate of 6% per year and a 20-year study period (b) Is the project economically justified if disbenefits are considered? If disbenefits are not considered?
A monopoly has produced a product with a patent for the last few years. The patent is going to expire. What will happen after the patent expires?
What should happen to the equilibrium price, interest rate, and quantity of bonds today if people expect that these bonds will be worth half as much in the future? Use simplified model of the bond market. A complete answer will include both a g..
Draw demand, marginal revenue and marginal cost curves. Calculate and show how much this firm will sell and what they will charge. Calculate producer surplus with monopoly and the consumer surplus with monopoly. How much would be produced if this wa..
What role do you think price levels play on consumption and AD? What would be the effects of increased saving and decreased consumption on the aggregate demand?
A perfectly competitive firm encounters the following monthly costs and price. What is the fixed cost of this firm? What is the optimal output of this firm?
nbspthese essays should be a minimum of five paragraphs in length each. they should contain a clear thesis statement in
You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows
What price and quantity will monopolist produce at if the marginal cost is constant $4.00? Compute the deadweight loss from having the monopolist produce, rather than the perfect competitor.
One reason why firms in monopolistically competitive markets earn zero profit in the long run
5 countries are USA, Japan, Sweden, Trinidad and Tobago, and Botswana Go to CIA world factbook, click on guide to country comparisons, economy and GDP per capita Which country has the highest and lowest standard of living
a demand curve is given by the following equationnbspanbsp find two points nbspon the demand curvebnbsp calculate the
Assume that the price was 5% lower and all other factors do not change. How much more would you buy each year? Using this information, compute the own-price elasticity of your demand.
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