How many cars the government buys for its police force

Assignment Help Econometrics
Reference no: EM13205071

Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to import 50,000 more. The government buys 25,000 cars for its police force, and 10,000 cars are bought by companies to transport employees to other locations to work. They also export 65,000 cars to nearby countries for sale. How would this look in a graph?

Reference no: EM13205071

Questions Cloud

Determine what additional steps apples competitors : Apple, determine how market commonality and resource similarity impact Apple's competitive standing in terms of its main rivals. Provide specific examples to support your response. Determine what additional steps Apple's competitors are likely to t..
Fund provision impact the value of a bond : When analyzing a company's performance, what are some of the problems of relying on ratio analysis only and how does sinking fund provision impact the value of a bond?
What methods are used to narrow the talent pool : Using your selected organization, research how the organization recruits for at least three types of positions: senior leaders, mid-level managers, and technical positions
Find out the concentrationof the original hcl acid : determine the concentrationof the original HCl acid solution in units ofa) Molarityb) Percent by mass (Hint: refer to Skill Builder 6 to see the relationship between molarityand percent mass units
How many cars the government buys for its police force : They decide to import 50,000 more. The government buys 25,000 cars for its police force, and 10,000 cars are bought by companies to transport employees to other locations to work. They also export 65,000 cars to nearby countries for sale. How woul..
Procedural errors causes an increase and decrease molecular : Would the following procedural errors causes an increase, a decrease, or no change in your calculated molecular weight? Indicate clearly the reasoning in each case.
What is the discounted payback period for these cash flows : What is the discounted payback period for these cash flows if the initial cost is $5,900? (Do not round intermediate calculations and round your final answer to 2 decimal places.
What fallacy of payback analysis does this ror value : Julian Browne, owner of Clear Interior Environments, purchased an air scrubber, HEPA vacuum, and other equipment for mold removal for $15,000 eight months ago. Net cashflows were $-2000 for each of the first two months, followed by $1000 per month..
State tungsten metal is used to make incandescent bulb : Tungsten (W) metal, which is used to make incandescent bulb filaments is produced by the reaction

Reviews

Write a Review

Econometrics Questions & Answers

  Determine first withdrawal occurs at the end of six months

What quarterly deposit must be made at the end of each quarter until Corey retires so that he can make a withdrawal of $40,000 semiannually over the first 10 years of his retirement. Assume that his first withdrawal occurs at the end of six months..

  Is pizzo''s firm the dominant firm in the industry

James Pizzo is the president of a firm that is the industry price leader; that is, it sets the price and the other firms sell all they want at that price. In other words, the other firms act as perfect competitors. The demand curve for this indust..

  Determine range of outputs over firms technology

The following data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.

  How many days of advertising should nail mania buy each week

Assume Nail Mania advertises in the local newspaper. Each day it advertises costs $100. Over the past several months, Nail Mania has conducted market research and developed the following information Number of days advertised per week Number of cust..

  Find the optimal soulution using the graphical soulution

.determine the amount of slack or surplus for each constraint (dont worry about this problem it has been emitted from the homework but if you can help me to understand this I would greatly apprecaite it) suppose the objective function is changed to..

  Which alternative would it select for each of the cases

A needed service can be bought for $550 per unit. The same service can be provided by equipment that costs $225,000, has a salvage value of $75,000 at the end of 10 years and costs $21,500 annually plus $35 per unit to operate. a. What is the incr..

  Which policy program promotes economic stability

What is the multiplier associated with each policy program (i.e. the multiplier AFTER the program is implemented - just the number please) Which policy program promotes economic stability. MPC = 0.8 - 0.01Y (marginal propensity to consume).

  Calculate the marginal revenue product

Calculate the marginal revenue product for each additional unit of labor if output sells for $3 per unit b. Draw the demand curve for labor based on the above data and the $3-per-unit product price c. If the wage rate is $15 per hour, how much labor ..

  Conclude modification reduced the number of traffic accident

were chosen at random, and the traffic lights of those intersections were modified. The numbers of minor accidents during a six-month period before and after the modifications were: NUMBER OF ACCIDENTS

  Which of the equilibrium outcomes is most reasonable

If player 1 moves right, player 1 receives $0 and player 2 receives $15. If both players move left, player 1 receives -$10 and player 2 receives $8. If player 1 moves left and player 2 moves right, player 1 receives $10 and player 2 receives $10.

  Determin price elasticity of demand in the general public

Your firm spent $100 million developing a new drug. It has now been approved for sale, and each pill costs $1 to manufacture. Your market research suggests that the price elasticity of demand in the general public is What price do you charge the p..

  How much maximum person would pay to buy insurance

when I was talking about insurance, when I ask about the maximum this person would pay to buy insurance I said that it would be the risk premium: $4823.1 - Then I derived the utility in this case, with certainty this person has wealth $100,000 + $..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd