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Use PWs to calculate the benefit/cost ratio at i = 5% for a highway project. The first cost is $150K, and O&M costs are $5K per year. There is no salvage value after 20 years. Time savings to users are worth $35K per year, and neighborhood disruption is a disband fit of $10K per year. Is this project attractive?
Explain how you would create a government program that would give an incentive for labor to increase hours and keep labor from falling into the poverty trap. To reduce income inequality, should the marginal tax rates on the top 1% be increased?
If a competitive firm fails to maximize profits, which of the following statements are true and which are false?
By installing some elaborate inspection equipment on its assembly line, the Robot Corp. can avoid hiring an extra worker who would have earned $36,000
During the Great Depression, business people in the United States were very pessimistic about the future of economic growth and reluctant to increase investment spending even when interest rates fell. How did this limit the potential for monetary pol..
If you had to give a short lecture on Native american history, what 9 passages from the book "Lies my teacher told me" by James Loewen, would you include( 3 passages from each chapter i.e "1493", "Red Eyes", and the "Truth about first thanksgiving" a..
While nicotine use can be addictive for many users, it is not addictive for the so-called "social smokers". Answer the following questions....
Not too long ago Hurricane Sandy hit the northeast portion of the United States, causing serious and costly damage. Given what you've learned this week, what can we conclude probably happened to the price of portable generators? To the price of food?..
If the patent on a drug expires and the average price of the drug falls to a lower equilibrium price, there will be:
Supermarket ends its promotion. What does her budget constraint look like now. What combination of meat and potatoes maximizes her utility.
What would happen if the Free Zone in central bank lowered the federal funds rate and buy securities on the open market? b-recommends that the central bank sua or lower the federal funds rate? why?
Show the relationship between total benefits and total costs when a market economy is in general equilibrium. What is meant by "general equilibrium" and how is it different from "partial equilibrium"? How would you characterize capitalism? What philo..
How might market factors affect the scale of production? Why may a small business owner want to avoid growth
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