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As part of the rehabilitation of the downtown area of a southern U.S. city, the Parks and Recreation Department is planning to develop the space below several overpasses into basketball, handball, miniature golf, and tennis courts. The initial cost is expected to be $150,00 for improvements which are expected to have a 20-year life. Annual maintenance costs are projected to be $12,000. The department expects 24,000 people per year to use the facilities an average of 2 hours each. The value of the recreation has been conservatively set at $0.50 per hour. At a discount rate of 3% per year, what is the B/C ratio for this project?
This is labor economics. Here is a question. If a modest but binding minimum wage is placed on a competitive labor market, what will happen to the price of the good made by firms in this market? How does your answer change if this is monopsonistic la..
A CEO's pay rose 25% over the 2001-2002 period even though his firm's ROA fell 12% and the stock return fell 10% over the same period. Discuss why this may NOT represent an obvious example of CEO overpayment (try to provide at least two strong reason..
q1. assume the supply of money graph. if reserve prerequisite before the shift was 10 as well as the fed adjusted the
The data in columns 1 and 2 in the table below are for a private closed economy. Instructions: For all parts, enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbe..
Suppose you read in the newspaper that all last week the Fed conducted purchases in open market, and that on Tuesday of last week it lowered the discount rate.
Imagine you are in charge of development for a developing country and were approached by a multinational corporation interested in locating in your country. Identify some of the benefits and some of the costs to the host country from allowing a multi..
Economic rent represents
Prove which at the revenue-maximizing quantity, cost elasticity of demand equals one.
Select an economic problem or theory and discuss how dummy variables could be applied. Determine the value that dummy variables would add to your analysis (think outside the box on this one – avoid obvious examples like gender, race, etc.).
Calculate and graph what happens to T(taxes), C(consumption), AD(aggregate demand), GDP, and Prices if the President raises taxes by 100 billion and the MPC = .80.
What character/s do you think were best portrayed? Is this movie realistic? Do you think this really happens in schools? What life events make it more real to you? What was the most important thing that Erin learned about her students? What is the mo..
The tragedy of the commons is an economics theory by Garrett Hardin, according to which individuals, acting independently and rationally according to each one's self-interest, behave contrary to the whole group's long-term best interests by depleting..
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