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1. The specific weight of a certain liquid is 85.3 lb/ft3. Determine its density and specific gravity.
2. An open, rigid-walled, cylindrical tank contains 4 ft3 of water at 40°F Over a 24-hour period of time the water temperature varies from 40 to 90°F Make use of the data in Appendix B to determine how much the volume of water will change. For a tank diameter of 2 ft, would the corresponding change in water depth be very noticeable? Explain.
The market for taxi services in a Midwestern town is monopolized by firm 1. Currently, any taxi services firm must purchase a $40 thousand "Medallion" from the city in order to offer its services. A potential entrant (firm 2) is considering enteri..
Maureen Laird is the chief financial officer for the Alva Electric Co., a major public utility in the midwest. The company has scheduled the construction of new hydroelectric plants 5, 10, and 20 years from now to meet the needs of the growing pop..
If so, how would the differences affect the interest differential between, say, dollar and Mexican peso deposits? Do you have any guesses about how the liquidity of euro deposits may be changing over time?
Where Qx is the quantity demanded of Product X, Px is the price of X, Y is income, and r is the prime interest rate (given in decimals, e.g., 0.02 or 0.05) The standard error of each estimated coefficient is given in parentheses below it. Also, th..
Two firms control the entire market for gasoline. They both have identical marginal costs of $1/gallon. The inverse demand for a gallon of gasoline is given by P(G)=10-1.5G. If the two firms decide to collude, and share the profits.
Determine the most expensive and least expensive item.
Evaluate whether management's controls operated effectively.
Suppose that now the market is monopolized (e.g. a cartel is formed that determines the price and output as a monopolist would and allocates production equally to each member). Draw a figure showing the monopolist's equilibrium output and price.
a construction firm needs a new small loader. it can be leased from the dealer for 3 years for $5500 per year including all maintenance, OR it can be purchased for $20,000. The firm expects the loader to have a salvage value of $7,000 after 7 year..
Suppose we were to redefine X as the ratio of German CPI to the U.S. CPI. Would that change the sign of X? And why?
Much to the surprise of the licensers, the price of the licenses was zero: No one was willing to pay a positive amount for a pet grooming license.
(Case Study: Banking Troubles in Japan) Discuss problems with the banking system in Japan. In what ways are they similar to U.S. banking problems in the late 1980s and early 1990s? What is the current status of bank restructuring in Japan?
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