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Question: Cornell has two options for upgrading their athletic facilities. The off-campus option costs only $20 million, but it will require frequent bus service to those facilities at an annual cost that starts at $300,000 and increases by 4% per year. (buses, drivers and mechanics salaries, maintenance, road wear, etc.). Improving the on-campus facilities will cost $50 million, but no extra transportation costs are required. Both options involve an estimated annual maintenance cost of $1 million for about 40 years before new facilities will again be needed. Using benefit-cost ratio analysis, determine which option is more economically efficient. Use an interest rate of 8% per year.
Should the Federal Reserve System control the nation's money supply? Defend your position using economic principles.
Consider a market in long-run equilibrium, where the firm’s mix of inputs is the cost-minimizing mix of inputs.
A local restaurateur who had been running a profitable business for many years recently purchased a three-way liquor license. This license gives the owner.
Write a paper, or create a PowerPoint presentation using a real world experience in a free market (not government regulated) to describe a change that occurred in supply or demand as a result of world events that led to the need for a move bet..
A newly constructed bridge costs $15,000,000. The same bridge is estimated to need renovation every 15 years at a cost of $3,000,000. Annual repairs and maintenance are estimated to be $1,000,000 per year. (a) If the interest rate is 5%, determine th..
Suppose the government suddenly decides to reward investment by paying firms τ for each unit of investment they do (where τ b). Assuming we are initially in the steady state, show the path of in- vestment, profits and the capital stock over time.
Why is investment planning important? How could your friend minimize the risks associated with investing risk? What steps should he/she take to start?
1. caty consumes only goods x and y . her utility function is ux y minx y. we are given that px 3 py 6 and catys
Discuss the effect of climate change on any animal of your choice, this includes coral reefs.
Discuss the economic effects of monopoly
List 5 ethical problems that occurred in the Tuskegee Syphilis Study. Patient safety, quality of care, economic interests, critical decision support (CDS) best practices.
F8. Dr. Old requires that all services be paid for a time of treatment, in cash. If he decided to allow patients to pay with credit cards, will it increase or decrease price elasticity?It will increase price elasticity because more options of payment..
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