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Runway construction at the local airport is expected to cost $35M. The runway will require maintenance costing $200K per year. At the end of each 6-year period, the runway will require resurfacing at a cost of $1750K. Assume an interest rate of 6% and a life of 30 years. How many landings and takeoffs per day are needed to justify the runway if each landing or take-off is worth $85 to the airport authority? (Answer: 96)
If ABC adds an assembly line for the product and XYZ does not follow with a competitive product.
q1. suppose demand function for good x is estimated to be qx 8000 - 400px 200py 0.5inbspi average income px price
At December 31, 2013 and 2012, G Co. had 66,000 shares of common stock and 6,500 shares of 8%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2013 or 2012. Net income for 2..
Explain using a diagram how a tax cut in period two affects consumption in both periods. Assume that average consumer does not believe that he/she or anyone in family will ever have to pay higher taxes in future to offset current cuts.
If good or service is a necessity rather than a luxury then the:
In 1979 New Jersey had a usury law that limited the interest rate on conventionally financed mortgages for properties located in New Jersey to a maximum of 9.5 percent. what effect does the more restrictive usury ceiling in New York suburbs? Which bo..
Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.
Assume marginal costs are rising at all levels of output. If profits are maximized by a firm, whether monopolistic or perfectly competitive,
Most economists want a 0% target for unemployment. The current natural rate of unemployment is thought to be somewhere around 5%. If the economy is above full employment it causes higher than normal unemployment. In a closed economy, inflation repres..
Elucidate what is the socially efficient quantity of the public goods. How much will each worker have to pay per unit to provide the socially efficient quantity.
Calculate the variance of x=(6, 8, 10 ) BY HAND, showing all the necessary calculations. Calculate the variance of x=( 1, 4, 2, 5 ) BY HAND, showing all the necessary calculations. Calculate the standard deviation of x=( 1, 4, 2, 5 ) BY HAND, showing..
What problems might arise when using the test method of evaluating a new product?
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