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In a study published in 1980, B.B. Gibson estimated the following price and income elasticities of demand for six type of public goods. State Activity Price Elasticity Income Elasticity Aid to needy people -0.83 0.26 Pollution control -0.99 0.77 Colleges and universities -0.87 0.92 Elementary school aid -1.16 1.14 Parks and recreation areas -1.02 1.06 Highway construction and maint -1.9 0.99 (a) do these public goods conform to the law of demand? For which public goods is demand price elastic? (b) What types of goods are these public goods? (c) If the price or cost of college and university education increase by 10 percent and, at the same time, incomes also increase by 10 percent, what would be the change in the demand for college and university education?
Instructions (Round cash payback period and rate of return to 2 decimal places. Illustrate what is the cash payback period for this proposal? years
Analysis of relevant costing w.r.t. acceptance of special - Identify all the relevant costs that HMI should consider in evaluating the special sales order from LawnPro Why is your answer different man in requirement b
Is this project economically feasible? Show work in an excel spreadsheet that lists the benefit for each individual.
stable employment experience, the company’s state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Preston Co.?
The partnership also assumed a $12000 note payable owed by Robert that was originally used to purchase the equipment. Illustrate what amount should Robert's capital account be recorded?
The current price of the stock is $12. Calculate the current number of shares and the market vlue of your investment
Evaluation of Internal Control criteria and determine Bemis's internal control system and indicate which principles of internal control appear to have been ignored
Some people believe that information technology has made enterprise internal control systems more difficult to design and use. Others believe that information technology has made it simpler to control enterprise risks. Which do you believe is true..
He took the unit cost for an equivalent whole unit you completed in (3) above and multiplied this figure by 1,000. Will this method yield a valid estimate of incremental cost? Explain.
Components of or items in bank reconciliation with example and operation to be done to complete reconciliation.
Compute the annual breakeven number of meals and sales revenuefor the restaurant. Also compute the number of meals and the amountof sales revenue needed to earn operating income of $75,600 for theyear. How many meals must the Homs serve each night..
Calculate the balance in retained earnings at the time of the change (beginning of 2011) as it would have been reported if FIFO had been used in prior years.
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