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A state government is considering construction of a flood control dike having a life span of nine years. History indicates that a flood occurs every three years, on average, and causes $400,000 in damages on each occasion. If the state uses a MARR of 15 percent per year and expects every public works project to have a benefit-cost ratio of at least 1.0, what is the maximum investment (to the nearest whole dollar) that will be allowed for the dike?
give the definitions for marginal rate of substitution mrs and the price ratio. then explain them in your own words
Why does rent control result in a shortage of rental units and any time there is a shortage of a good it means that the price is too low. Analyze this statement.
What is the difference between gross private domestic investment and net private domestic investment? If you were to determine net domestic product (NDP) through the expenditures approach, which of these two measures of investment spending w..
hi i need this assignment done within 8-12 hours of this confirmation. it is very critical that i can have this
How much money can his bank lend out initially? How much total money supply will change eventually in the whole banking system?
I. Marginal revenue is the additional revenue from selling one more unit of output. II. A firm will always produce at an output at which marginal revenue is greater than marginal cost, except when it is minimizing its losses.
On Sunday October 23rd, Eastern Turkey was hit by a strong earthquake. Analyze the effects of this temporary negative supply shock on the real output and real interest rates using an IS-LM model. b. Show the effect of this negative supply shock.
why were the first proto-hmos formed in america? what were the original driving factors in the hmo movement? what is
1. the following table give joint probabilities relating cell phone usage to stopping properly at intersections.a
1. a profit maximizing firm in perfect competition produces no dead weight loss but a profit maximizing firm in a
describe the short term effect in terms of the mix of production inputs and the overall level of output in detail of
Suppose in 2008 a Census Bureau report indicated that over 62 percent of the U.S. population is covered by employer-sponsored health insurance plans.
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