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Sales of bottled water in the U.S totaled 16.3 gallons per person in 2004. Water costs .40 cents per bottle.A municipal company provides tap water for $2.10 per 1000 gallons. If the average person drinks two bottles of water per day or uses 5 gallons per day in getting that amount of water from the tap.
what are the present worth values of drinking botled water or tap water per person for 1 year?
Use an interest rate of 6% per year compounded monthly and 30 days per month.
Determine which is true of leakages and injections in the circular flow, the consumer price index measures changes in
Illustrate what is the discount rate in the banking system and explain how the Fed manipulates this rate in order to achieve macroeconomic objectives.
Let commodity 1st be bottled water, measured in gallons. Commodity 2nd denotes plain tap water, also measured in gallons.
Illustrate what were the characteristics of Great Britain's economic relationship with India in the 17th and 18th centuries, How would you explain their success in their competition with the Dutch.
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If a fixed number of industrial polution permits are marketable; then we should just sell the right to smoke to highest bidders rather than ban smoking outright in many cities, restaurants, towns, business outlets, and bars.
Determine which of the following is not a major component of the Federal Reserve System? Kudrow stock just paid a dividend of $4.76 a share and plans to pay a dividend of $5 a share next year, which is expected to increase three 3% per year subsequen..
Your corporation sells its product online and in stores. Your marginal cost $30 is the same in both markets. The demand and marginal revenue curves in two markets are different however.
Compute the path of the economy, that is , calculate real GDP, the price level, the inflation rate and real money stock for each year until GDP I swithin 1% of the potential. (limit calculated values to 10 decimals points)
explain how the changes in the equilibrium price also quantity.
What is the net effect on the money supply in the economy? Show your work. Assume instead that Sammy uses the $10,000 he receives to pay back a loan from Bad Boys Bank. $8,000 goes to repay the loan itself, and $2,000 represents his Interest payme..
How does an economy achieve macroeconomic equilibrium? What affect does a high level of inflation have on macroeconomic equilibrium?
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