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Suppose that there are 150 houses in the community with 2,000 square feet (providing services that rent for $10,000 per year). The interest rate is 4% and with proper maintenance all of the houses will last forever. In an election the population decides that they want public services worth $8,000 per year.
a. What property tax rate will be necessary to fund these public services?
b. How much money will be raised by the property tax rate?
c. What will happen to the value of the houses after the tax is imposed?
Dr. Susie Wang is president of a subsidiary of the world's largest concrete machine manufacturer (REESE, Inc.). Her job is to organize and operate a newly formed global business consulting company (Concrete Network Services, i.e., CNS)
Assume that the data describe the condition of the banking system By how much could the banks increase their lending activity?
Using the Keynesian Model in modern times for the short run
consider a market with only the following three risky assetsnbspnbspexpected return per monthnbsprisk nbspcovariance
find the equilibrium price and quantity of cigarette packs and what is the price received by producers? The price paid by the consumers? The new market quantity?
When price is greater than average variable cost but less than average total cost at the profit-maximizing level of output, a firm should continue to produce the level of output at which marginal revenue equals marginal cost.
Despite the empirical evidence to the contrary, college decision-makers often believe that their price elasticity of demand is essentially zero. Is that right How important were price considerations in making your college decision Would a change o..
Why did Australia’s economy depend so strongly in its earliest decades after achieving statehood on “import-substitution industries”?
Residents of your city are charged a fixed weekly fee of $6 for garbage collection. They are allowed to put out as many cans as they wish. The average household disposes of three cans of garbage per week under this plan.
assume that a national restaurant firm called bbq builds 10 new restaurants at a cost of 1 million per restaurant. it
frederic bastiat 1801 - 1850 was a french political economist famous for exploding popular economic misconceptions
q1suppose you have three indivisible assets a b and c with internal rates of return 2 5 and 10 respectively and initial
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