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A city has decided to build a softball complex and the city council has already voted to fund the project at the level of $800,000 (initial capital equipment). The city engineer has collected the following financial information for the complex project
Annual upkeep costs: $120,000
Annual utility costs: $13,000
Renovation costs: $50,000 for every five years
Annual team user fees (revenues): $32,000
Useful life: Infinite
Interest rate: 8% compounded annually
If the city can expect 35,000 visitors to the complex each year, what should be the minimum ticket price per person so that the city can break even?
A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively
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Illustrate what is the size of the labor force. Illustrate what is the official unemployment rate.
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some firms leave the industry and the industry returns back to a long-run equilibrium. Illustrate what will be the new equilibrium price, assuming cost conditions in the industry remain constant.
q.get an answer from tutors to this homework question now1.explain how does the existence of money reduce the costs of
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