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Gamma Cruise, Inc. purchased a new tender (a small motorboat) for $35,000. Its salvage value is $7500 after its useful life of 5 years. Calculate the depreciation schedule using(a) MACRS and(b) SOYD methods.
The supply of Beetles is elastic. Based on this information, are the following statements true or false? Explain your reasoning. A 10% increase in the price of a Beetle will reduce the quantity demanded by 20%. An increase in consumer income will inc..
Consider a large open economy that can borrow and lend with the rest of the world. For each question below make sure you draw the graphs and provide explanations. Suppose the domestic economy goes into a deep recession and the investment demand falls..
Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge.
Should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the pros and cons of using these tools to combat economi..
Draw and explain the continuum of precariousness that we developed in class. Explain why this diagram may only apply to certain people. What would the continuum look like for a different group of people?
What is a relational database? What are the advantages of a relational database over a file system?
The president of the World Bank has asked you to calculate the average per capita GDP growth in Bulgaria from 1970 to 2010. In 1970, per capita GDP was $3,600 and in 2010 it was $13,500. Your answer would be:
Suppose the own price elasticity of demand for good X is -4, its income elasticity is 3, its advertising elasticity is 4, and the cross-price elasticity of demand between it and good Y is 4. Determine how much the consumption of this good will change..
Would integration between the following types of firms constitute a horizontal, a vertical, or a conglomerate merger?
from the e-activity propose a methodology for assessing the risk in business contracts. assess the economic impact this
CPI is sometimes referred to as a fixed basket of goods, what does that mean? What issues if any does that sometimes cause?
Suppose firm 1 and firm 2 each produce the same product, and face a market demand curve by Q=5000-200P. Firm 1 and 2 have the same unit cost of production c=10. Write down each firm’s derived demand functions, profit functions and best response funct..
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