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assume that the member of the group are the sole survivors of a worldwide nuclear disaster. After a period of searching and evaluating, the members learn the following facts.
A) Only eight acres of land are uncontaminated (with trees)b) We have a six months' supply of food, including 100 pounds of dried corn, 3 pounds of dried onions, 2 pounds of dried pumpkin seed.C) A fresh flowing spring of water exists.D) A two acre lake containing fish existE) 50 gallons of gasoline existF) Two hoes, one rake, and one car existg) The only structure remaining is a building with 10 rooms and auditorium
you are to formulate a plan that will allow society to survive for three years. you must develop a list of priorities and a list of resources in order of importance. Afterwards you should outline your survival plan and the duties of the members of the group.
A series of 10 annual payments of $7,500 is equivalent to three equal payments at the end of years 6, 10, and 15 at 15% interest compounded annually. What is the amount of these three equal payments
The following table gives the joint PDF of random variables X and Y, where X = the first-year rate of return (%) expected from investment A, and Y= the first-year rate of return (%) expected from investment B. Rates of Return on Two investments
During spring break, students have an elasticity of demand for a trip to Florida of -3. How much should an airline charge students for a ticket if the price it charges the general public is $360 Assume the general public has an elasticity of -2.
Does the PPC illustrate the law of increasing additional cost What is the opportunity cost to this student for the additional amount of study time on economics required to mover her grade from 60 to 70 From 90 to 100
How much consumer surplus do consumers receive when Px = $45? c. How much consumer surplus do consumers receive when Px = $30? The demand curve for product X is given by QXd = 360 - 2PX.
Design a simple econometric research project
Year price quantity demanded Real Income Price of Substitute 1 .95 200 11000 .65 2 1.10 180 11000 .65 3 1.10 190 11500 .65 4 1.10 200 11500 .90 5 1.10 170 11500 .90 6 .99 190 11500 .90 7 .99 175 10500 .90 8 .99 150 10500 .62
BMW sells 5,000 vehicles in the US. The export price is €40,000. The exchange rate is €1= $1.25. US price elasticity of demand for the German import, in terms of the $ price, is-2. The cost of each vehicle is €30,000. What is the current € profit ..
A firm produces two different goods A& B. The cost of producing x units of A and y units of B is C(x,y)=2x^2-4xy+4y^2-40x-20y+514. The firm sells all output at price of A=$24 and price of B=$12. Find the productions level x, and y that maximize pr..
Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound.
Estimate simple linear regression models for both the raw data and the logs, estimating both the intercept and the slope.
Determine the capitalized cost a series of cash flows starting at the end of the first year with $400 and increasing at the rate if $100 for the next 5 years. The series of cash flows from 1 to 6 repeats forever. MARR=6%
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