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Technology is now being developed so that road use can be priced by computer. A computer in the surface of the road picks up a signal from your car and automatically charges you for the use of the road. How would this affect bottlenecks and rush-hour congestion?
A) It would increase bottlenecks but decrease rush-hour congestion.
B) It would decrease bottlenecks and rush-hour congestion.
C) It would decrease bottlenecks but increase rush-hour congestion.
D) It would increase bottlenecks and rush-hour congestion.
Machine A costs $20,000, lasts 3 years and has a salvage value S of $3,000. Machine B costs $12,000, lasts 2 years and has a salvage value of $2,000. The machines can be purchased at the same price with the same salvage value in the future, and are n..
Assume that the dairy industry is initially in a perfectly competitive equilibrium. Assume that, in the long run, the technology is such that average cost is constant at all levels of output. Suppose that producers agree to form an association and be..
The internet has become a major hub for conversations, this has connected all on the web and allows eMarketers to track all conversations that take place and this provides an understanding for all parties. how would you measure the effectiveness of t..
A clinic has $1 million in revenues and $950,000 in costs. What is its operating margin?
What price and quantity will result once the patent expires and competition emerges in this market? Explain your answer.
If the economy's output is initially above full employment and if prices are rising, which of the following policy combinations could restore full employment and keep the exchange rate at the same level? Contractionary monetary policy and expansionar..
Vermont is one of many states that passed Certificate of Need (CON) laws in the 1970s. Many interest groups are in favor of repealing all CON regulations. Assuming perfect markets, describe in one page or less, using graphs where appropriate, the eff..
Suppose that an expansionary monetary policy occurs at a particular point in time, and consider they same economy two years later, when it has returned to its long run equilibrium, (so expectations are fully adjusted). How does the interest rate in t..
The Asian Disease Problem: Imagine that the United States is preparing for an outbreak of an unusual Asian disease that is expected to kill 600 people. Two alternative programs to combat the disease have been proposed. Demonstrate mathematically the ..
Mary Carey, a clever 3360 student, has borrowed $125,000 at 8% from her parents. She is asking Dragon Kevin for $75,000 to start her own business. Kevin requires that the business make a 12% rate of return. If they both agree, what is Mary's before-t..
Consider a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX. Compute the equilibrium price and quantity in this market.
q1. based on illustrate we know about the effects of mandatory seat belt laws which of the following groups would be
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