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1. How many Police Officers? In your city, each police officer has a budgetary cost of $40,000 per year. The property loss from each burglary is $4,000. The first officer hired will reduce crime by 40 burglaries, and each additional officer will reduce crime by half as much as the previous one. How many officers should the city hire?
A manufacturer makes a single product at a cost of $5 each. The manufacturer computes that if each product sells for d dollars, (15 - d) products will be sold. What is the manufacturer's profit function? What price should the manufacturer charge to m..
1 an economist who is studying the relationship between the money supply interest rates and the rate of inflation is
Suppose as your company's lobbyist, what would you like to see done through Federal government that would be of help to your company? This could be what government could do or what they could stop doing this.
What are some of the ways these curves shift and what is the corresponding change to the point of equilibrium?
most commercial fish species in nearly every ocean and sea are being rapidly depleted in what marine biologists and
Discuss the effect the credit market crisis in the United States in 2008 had in the market for existing single-family homes. Assuming the demand for existing single-family homes is relatively inelastic, what is likely to happen to the total revenues ..
Diseconomies of scale occur when a firm’s
Explain what short-run impact immigration is likely to have on natives' wages and employment when immigrants are a) substitutes to natives and b) complements to natives. Explain also the so-called immigration surplus for the short-run case.
Home Country: Given that the total market of the Home country is 900,000 units. Given the equations and parameter values above, solve for the equilibrium number of automobile companies, the number of cars each firm will produce, and the price of the ..
What price would you bid if you must win the project - What price would you bid if you want to maximize the expected value of the contribution from this contract?
Compute total revenues, total expenses, and profits both before and during the strike and Who was better positioned to endure the strike?
A company has 25 million dollars' worth of equipment. This company depreciates the value of the equipment at the rate of 10 % per year. How long does it takes for the value of the equipment to drop to 50 % of its original value
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