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Horizon Ford advertises that it will sell you a Taurus for $24,000 or lease it to you. To lease it, you must make a down payment of $3,000 and agree to pay $3,000 at the end of each of the next two years. After the last lease payment, you may buy the car for $20,000. If you plan to keep the car until it falls apart (at least a decade) and the interest rate is 10%, which approach has a lower present value of costs?
If some auction participants for crude oil field leases have estimates that the oil in the ground is worth $1.2 million, $1.3 million, or $1.5 million with certainty; and other auction participants have estimates that the same oil field lease is w..
The written paper is to be typed single-spaced, 1' margins, Ariel and 11-point font, page length between 8-15, with correct spelling and grammar, proper citation (APA format), references, a cover page, and organization with headings. The instructo..
John earned $100,000 last year and paid $10,000 in income taxes. Mark earned $50,000 last year and paid $5,000 in income taxes. This is an example of what principal of taxation?
Why do economists think that discrimination in the labor market is an unlikely explanation for the persistent inequality in earnings between women and men and among the races?
A particular segment of the medical device industry is dominated by a handful of firms. These firms have combined into an effective cartel. All firms in the cartel have the same cost structure with zero fixed costs and each has constant marginal c..
How well does the U.S. tax system fare in terms of these criteria? What is the difference between horizontal equity and vertical equity? What is the difference between a progressive and a regressive tax?
If the interests of the Communist party and its agents differ, and the party is sovereign, can the market be based securely on the rule of contract law? Does the Chinese market operate according to the rule of law?
What is the variable cost - Please calculate the average cost function for skateboards.
The cost is equally divided among the H individuals. Show that the majority voting outcome is Pareto-ecient if the median marginal rate of substitution is equal to the average marginal rate of substitution.
Suppose Ann is working on a project with John. Both must decide whether to put into a decent amount of effort into the project. Since Ann is the leader of the project, her contribution determines whether the project will be successful.
Consider a two-good exchange economy with two individuals, A and B. A's preference is represented by uA(xA1, xA2) = 0.3ln(xA1) + 0.7ln(xA2), and B's is represented by uB(xB1, xB2) = 0.8ln(xB1) + 0.2ln(xB2).
There are two workers in the economy, "A" and "B"; "A" can go to school and "B" cannot. Education increases future income according to the following function: I(e)= 50(e)/(1+e) Total cost per year of schooling equals 2, and thus: mc(e)=2.
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