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Business equipment was purchased for $100,000. It's depreciated using MACRS, half-year convention, 7-year life property. At the end of year 5 what is its tax basis? $77,690. $100,000. $0. $22,310.
along a unit elastic demand curve, if the market price increases then. a good economic model should. if two goods are substitutes, their corss-price elasticity will be. for a straight line demand curve, price elasticity of demand near the "choke pric..
Suppose that currency in circulation is $500 billion, the amount of checkable deposits is $1,000 billion, excess reserves are $150 billion, and the required reserve ratio on checkable deposits is 10%. Calculate the money supply, the monetary base, th..
Explain the impact of economies of scale on the capacity of a firm. Understand how to use decision trees to analyze alternatives when faced with the problem of adding capacity.
(a) If tuition is set at $3,000, how many students will enroll? Now suppose that society gets an external benefit of $1,000 for every enrolled student. (b) Draw the social and market demand curves for this situation on the graph below. (c) What is th..
What is the 95% confidence interval estimate of the population mean flying time for the pilots? The mean number of hours of flying time for pilots at United Airlines is 36 hours per month.
An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop.
To counter parents' concerns about fast foods and childhood obesity, McDonalds considered: Domestic currency depreciation will:
If you were boarded on an airplane that had already started taxing for takeoff when the plane suddenly stopped and turned around and the passengers were told to exit immediately because the airplane had gone out of business, and they were left str..
International trade has many tradeoffs for each country. Overall, what has been the global trend in trade policies from 1950 to 2000?
Suppose there are two firms in a market that each simultaneously chooses a quantity. Firm 1's quantity is q1, and firm 2's quantity is q2. Therefore the market quantity is Q = q1 + q2. The market demand curve is given by P = 160 - 3Q. Also, each firm..
John lives for three periods. He is currently considering two alternative education-work options. Alternative 1: he can start working immediately, earning $100,000 in period 1, $110,000 in period 2, and $120,000 in period 3. Alternative 2: he can spe..
All of the following statements about banks in Zimbabwe in 2009 are true except-Political instability increased the risk of bank failures.
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