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The marginal cost of educating a college student is $5,000 a year. Table 3 shows the marginal benefit schedule from a college education. The marginal external benefit from a college education is a constant $2,000 per student per year. There are no public colleges.
If the government offers vouchers to students, what is the value of the voucher that will encourage the efficient number of students to enroll?
Now assume that after the increase in the money stock, the domestic interest rate decreases between time t and time t + n. Again assume that the foreign interest rate is unchanged. As compared to your answer to part (d), what happens to the exchan..
If the fixed cost is ‘sunk' and she cannot increase her output in the short run, should she shut down?
You are considering buying a new car with a part of your student loan dollars as you really do not need the extra cash now. You have two alternatives with the following cost structures. Speedy Initial cost = $20,000Annual operating cost = $8,000 Us..
Calculate Woody's expected utility level without any health insurance coverage.
Summarize the arguments for and against the role and impact of private foreign investment in less developed countries. What strategies might developing countries adopt to make private foreign investment fit their development aspirations better wit..
David Ding advertises on a local radio station. For the past six week, the manager has kept records of the humber of minutes of advertising that were purchased, and the sales for that week. Week 1, 2 minutes of advertising with $1,400 in sales.
This exercise concerns an optimal storage of books by their size to minimize the storage cost for a given collection of books.
Respond to the following question: Howard Becker states, "...social groups create deviance by making the rules whose infraction constitutes deviance, and by applying those rules to particular people and labeling them as outsiders. From this point ..
The following data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Consider the numerous bank mergers of the early 2000s.Are bank mergers a good thing? What are the authors' conclusions about this?
What are the corresponding payoffs?
Computer Products Corp. sells peripheral equipment used by both private businesses and the government. Due to a recession, Computer Product's sales have declined by 100,000 units and it now has 200,000 units of excess capacity.
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