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A flood control project with a life of 15 years will require an investment of $250,000 and annual maintenance costs of $20,000. The project will provide no benefits for the first two years but will save $60,000 per year in flood damage starting in the third year. The appropriate MARR is 20% per year. What is the conventional B-C ratio with present worth for the flood control project. (Enter your answer rounded to two decimal places; i.e., x.xx)
Prepare a five page research paper about social problems where the free markets are not allowed to function, which includes the market for a particular illegal good and service, a regulated market, etc.
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar pro..
q.1. briefly discuss the impact of rational self-interest on each of the following decisionsa. whether to attend
The Law of Demand states that the demand for a product is inversely related to the cost of such product.
Entrepreneurs do all of the following except:
Economic surplus could be increased at a higher price because firms would generate more revenue.
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week. If this is a two-good, two nation model,
You have been asked to produce a forecast for your company's new product (bottled water). List and briefly describ four factors you would consider before giving the forecast.
Suppose K = 1,000; L = 200 workers; and M = value of all materials use at 450. Derive the total product or output. Find the Marginal products of capital, labor, and materials (individually).
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: Engineering advances have made it less costly to create a safe working environment.
Describe the long-term trends in inequality in the United States using the available measures. What are possible explanations for these long-term trends.
If you were desinging such an amendment, do you think it would be better to require that the actual budget deficit be kept at zero each year, or should the aim be only to keep the structural deficit at zero? Discuss.
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