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A city needs to choose area rubbish disposal areas. Area A: A gravel pit has a capacity of 16 million cubic meter. Owing to the possibility of high groundwater the Regional Water Pollution Control Board has restricted the lower 2 million cubic meters of fill to inert material only (earth, concrete, asphalt, paving, brick, etc.). This must be purchased and hauled to this area for the bottom fill. Area B: Capacity is 14 million cubic meters. For 20% of the city, the haul is the same distance as for Area A. The round-trip haul is 5 miles longer for 60% of the city, and 2 miles shorter for 20% of the city. Assume the following conditions • Cost of inert material placed in Area A will be $9.40/m3 • Average sped of trucks from last pickup to disposal site is 25 miles per hour • The rubbish truck and a two-man crew will cost $210 per hour • Truck capacity of 4 ½ tons per load or 20 m3 • Sufficient cover material is available at all areas Which of the sites do you recommend?
Find equilibrium Y in the basic Keynesian model (round Y to the nearest whole number) What are the values of BS and NX at the equilibrium level of Y? Find the value of savings at equilibrium Y.
It is likely that your college tuition will increase an average of 8% per year for the next 4 years. The annual cost of tuition at the beginning of your freshman year in college will be $12000 (A1). How much money will you and your parents have to de..
If ABC adds an assembly line for the product and XYZ does not follow with a competitive product.
Explain why dead weight loss is considered as loss of welfare of the society because of tax levy. Why does dead weight loss not total the loss of society? Will levying tariffs on imported goods protect domestic industries, consumers, or will it save ..
Adam and Eve are consumers in a 2-consumer, 2-good exchange economy. The price of X is PX, and the price of Y is $1. Each one has an initial endowment of (X=6, Y=6); therefore, each one has a "budget line" of X•PX + Y = 6•PX + 6. If Eve’s utility fun..
Let V0 = the value of wood harvested this year; V1 = the value of wood harvested next year; ΔV = V1 - V0; C = harvest costs; r = the discount rate; S = the present value of all future net benefits when forest is harvested respecting an optimal rotati..
Assume the hospital is a monopolist with a demand function given by p = 404−2x, where p is the price of hospital care and x is the quantity of hospital care. Assume that the hospital’s cost function is given by C = 300+4x+8x 2 , where C is total cost..
A woman complained to "Dear Abby" that a laundry charged $1.25 each to launder and press her husband's shirts, but for her shirts - the same description, only smaller - the laundry charged $3.50. When asked why, the owner said, "Women's blouses cost ..
q1. microeconomics is considered to be the study of scarce resources perloff 2007. here consumers both individuals and
the top ten percentile cutoff was 95 points. a. What is the standard deviation for the class? b. What percentile did you score in?
Let Y represent income and L represent hours of leisure. Mike's utility for income and leisure is U(Y,L) = Y x L so that marginal utility of leisure = Y and the marginal utility of income = L. Total hours available for leisure and work in any given w..
Explain the main differences between the three main nominal anchor choices presented in Chapter3: i) Exchange Rate Target; ii) Money supply target; and iii) Inflation target plus interest rate policy. Use equations to support your answer and do not f..
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