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Q. A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years. (Assume the benefits are realized at the ends of years 1 through 10). Project L would require construction costs of $4 million and generate net benefits of $1 million per year for 20 years. (Assume the benefits are realized at the ends of years 1 through 20). If these figures are in real dollars, and the real discount rate is 8 percent, which project would the county select? Show you calculations. Provide me with sufficient information so I can tell how arrived at you decision.
The United States is experiencing a recession and Congress decides to adopt an expansionary fiscal policy to stimulate the economy.
Calculate gross national product and net national product
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
The United Nation's Department of Economic and Social Affairs, Population Division, tracks the total number of foreign-born people by nation.
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Distinguish between the resources market and the product market in the circular flow model.
To build trust among virtual team members, managers should Deep-six the egos
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
The equilibrium quantity increase or decrease depends on Demand
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If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
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