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1. Explain the sense in which criminal penalties are "prices" designed to elicit the "efficient" level of crime.
2. Should unsuccessful attempts to commit a crime be punished? If so, why?
Use EXCEL to plot these two series on the same graph. What can you say by examining the graph? On average, do the two variables evolve in opposite directions?
A used car delaer advertises financing at 0% interest over 3 years with monthly payments. You must pay a processing fee of $250 at signing. The car you like cost $6000. a) What is you effective annual interest rate
What is wrong with this specification? Why is least squares unable to estimate the parameters in this model uniquely? What happens when you try to estimate this model using STATA? Verify that the coefficients on education and experience variables f..
The structure will have to pay for itself from parking fees over a 15-year period. Given the data below, determine whether the new parking structure should be constructed at all, and if so, how many levels it should have. Use benefit-cost ratio an..
Discuss possible short-run and long run movements of the market and the consequences for your company.
The maintenance for a bus, whose life is 10 years, is $1500 per year starting the fourth year, increasing by $200 for each successive year. The interest rate is 5% per year. What is the present worth of maintenance cost
Jen left a job paying $60,000 per year to start her own florist shop in a building she owns. The market value of the building is $150,000. She pays $40,000 per year for flowers and other supplies, and has a bank account
What percentage of voters are with you on that decision? How would your answer be different if the standard deviation was only $15,000?
Calculate consumption in each period of life. Compare this answer to your answer to part (a) of Problem 5, and explain any differences.
A monopolist with marginal cost c faces inverse demand function P(Q) = A- BQ, where 0 0. a. Calculate the competitive level of output. b. Calculate the monopoly price and output. Illustrate the monopoly equilibrium graphically.
What is the profit-maximizing number of sheep to own for the 10 farmers Q7. What is your optimal choice if the other 9 farmers choose to own 5 sheep Q8. What is your optimal choice if the other 9 farmers choose to own 6 sheep Q9. What is your opt..
Pitt and Penn State must decide on next year's in-state tuition for full-time undergraduate studnets. Pitt plans to increase Pitt tuition by 4% plus on half o Penn State's percentage increase in tution. Similarly, Penn State plans to i..
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