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Consider an initial stock of 5000 tons of high grade ore. The demand function for this ore is P = 2400 – 0.2Q (Q is measured in tons/year), and the cost of extraction is constant at c = $200/ton. The discount rate is r = 0.10.
What is the maximum stock level, Sˆ, for which the entire stock will be mined in one season? Show your work
Supposre that there are equal numbers of each customer type, and that the MC of the iphone is $100."
Elucidate why a currency depreciation leads to an improvement in a countries balance of trade.
The daily demand and supply of fish in Fire Island, NY is described by the following equations: What is the market price of fish in Fire Island? How much is consumer and producer surplus?
Assume your town decides to levy a tax to raise funds for construction, maintenance also other expenses for local schools. Should the tax be proportional, progressive or regressive.
In the 2005 Virginia General Assembly, Virginia’s “estheticians”---those who give facial treatments, facial massages, skin analyses and the like---came in large numbers to the Capitol to make the case that their occupation should be licensed and regu..
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and, invariably, create employment possibilities.
Define uncertainty. What are some of the basic causes of uncertainty in engineering economy studies?
Using graph, illustrate the effect of an increase of the input price on the production and profit of a one input-one output firm with decreasing return-to-scale technology?
True/False questions: The Durbin-Watson (DW) statistic is used to detect first order-serial correlation. Positive lag 1 residual autocorrelation is associated with DW values greater than 2. Autocorrelation exists when successive observations over tim..
If Jim is putting money into a savings account. He puts in $100 monthly. At the end of each year he gets a $500 bonus from work that he also deposits. If the savings account has a 5% interest compounded monthly, what will his future savings be in 5 y..
explain why the tax would be placed on gasoline rather than, say yachts. Illustrate what might be the long run effect of raising the price of gas.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
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