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The patrons at a local bar get rowdy on Friday and Saturday nights and wake up the 10 residents of the adjacent apartment building. The town economist surveyed the residents and found that each would be willing to pay $15 per night, on average, not to be woken.
a) The size of the negative externality on Friday and Saturday nights would be $___ per night.
b) The size of the negative externality over the course of the year (assume 50 weeks) would be $___ .
You currently earn $62,000 a year and you must pay $12,000 in federal income tax. You are thinking of installing solar panels and discover it will cost you $12,300 to get them installed. You learn about the Investment Tax Credit (ITC), also known as the federal solar tax credit, which allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes.
a) How much can you deduct from your taxes?
$___
b) What is your taxable liability now?
Under very high rates of inflation, why would people prefer to use a barter system to buy goods, rather than use paper money.
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..
Refer to Ch. 25, "IPv6 Access Control Lists," of CCNA Routing and Switching ICND2 200-105 Official Cert Guide.
The blood bank wants to determine the least expensive way to transport available blood donations from Pittsburgh and Staunton to hospitals in Charleston, Roanoke, Richmond, Norfolk, and Suffolk. The supply and demand for donated blood is shown in Fig..
[Money Demand] (a) Consider the money demand curve in Figure 1 where z=real balances (the real value of buyers’ money nment increases the nominal interest rate from i to i’, please indicate in Figure 1 the change in buyers’ surplus.
A teacher needs to grade 200 exams. She claims that exams require an average of 12 minutes to grade with a standard deviation of 3 minutes. A random sample of 36 exams is selected. Suppose the sample mean is 11 minutes. What is the probability that t..
q.two consumers jorge and admen together own 1000 baseball cards and 5000 pokeacutemon cards. let xr denote the
A. A simple regression TC = a + bQ is unable to explain 19 percent of the variation in total costs. What is the coefficient of correlation between TC and Q?
Suppose the United States sets a limit on the number of tons of sugar that can be imported each year. This is an example of a(n )?
Consider product line pricing, captive pricing, and price bundling. For each of these tactics, identify a brand that you believe currently use each of these tactics. Provide evidence to support use of that tactic. Is the tactic effective? Why or why ..
We are evaluating a project that costs $837,000, has a thirteen-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 156,000 units per year. Price per unit is $35,..
Suppose the firm is operating in a high-wage country, where capital cost is $100 per unit per day and labor cost is $80 per worker per day. For every level of output, which technology is cheapest.
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