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Suppose a human life is worth $10 million. Installing a better lighting system in the city park would reduce the risk of someone being murdered there from 3.5 to 2.9 percent over the life of the system. The city should install the new lighting system if its cost does not exceed.
As the number of workers at each factory increases, which factory will experience diminishing returns first.
A friend of yours just bought a new sports car with a $4,000 down payment, and her $25,000 car loan is financed at an interest rate of 0.25% per month for 48 months. After 2 years, the "Blue Book" value of her vehicle in the used-car marketplace is $..
Your current car has a trade-in value of $12,600. A new car can be financed at a nominal interest rate of 4% compounded monthly. How much will your monthly payments be?
Suppose the market for oranges initially has supply described by P=10+Q (with price measured in dollars per bag and quantity measured in millions of bags) and demand described by P=20 - Q. Suppose a snow storm causes the supply curve to shift to the ..
The firm's vice president for manufacturing hires you to out illustrate what combination of inputs the plant should use to produce 20 units of output per period. What advice would you give.
Explain how will my family's consumption of omelets change this week and why. Chickens by the way do not respond to published prices in their decision as to lay eggs.
Consider the decision of a household to have additional children. As a result of the substitution effect(s) of a wage increase, economic theory predicts that: In the household production model, the income effect associated with a wage decrease will:
China will almost certainly overtake the US in terms of GDP within a decade or so. What does that tell you about the standard of living of Chinese people compared to those in the US?
For every of the subsequent goods, indicate whether you expect demand to be inelastic or elastic also explain your reasoning
Suppose that a monopolistic company faces the consumer demand curve. Find out the profit-maximizing quantity of the product.
Assume that in an election voters are distributed on different positions from 1 to 10 (extremely leftist to extremely rightist) and that instead of having voters distributed uniformly across 10 regions, suppose that position 1 has a different number ..
What factors in political/legal segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry?
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