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1. The city considers creating a new public park. Developing the trails and other infrastructure for the park costs $ 2 Million. Additionally, the city has to pay $10,000 every year for maintenance. Instead, the city could also sell the land for $ 2 Million for residential development. What are the costs of the public park (assuming that the benefits of both uses are equal and that the discount rate is 10%)? Please give your answer in million.
2. Imagine you own an oil well. You can sell oil for $60 per barrel. Pumping oil has the current marginal cost of MC = Q. However, pumping more oil this reduces the value of the oil well because there is less oil left. Each additional barrel that you pump this year reduces the present value of the oil well by MUC = 0.5 Q. How much oil should you pump this year?
calculate velocity of money when price level is 10, national quantity of output is $200 billion and money supply is $250 billion Answer must be in detail Explain how Explain how you got answer.
Do you know women who are uncommitted workers? Do you know men who are uncommitted workers?
Organize the size of the cola and the probability of a sale into a probability distribution. a) Is this a discrete probability distribution?
Discuss this statement fully: "Given that labor remains relatively immobile within Europe, the European Union's success in liberalizing its capital flows may have worked perversely to worsen the economic stability loss due to the process of monetary ..
Describe what you should expect if you randomly select stocks and add them to your portfolio?
SOLO Inc. is a monopolist in a particular market. It has estimated that the demand for its product is P = 16 - (Q / 2,000) , and the marginal cost of production is MC = 4 +(Q / 1,000) . If the firm uses uniform pricing, then to maximize profits it sh..
What is (if any) the relationship between Marginal cost and Average cost? What happens in the "long-run" regarding production and cost?
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
Define what a public good is and give an example. Make sure to mention and explain the two key characteristics of a public good that make it different from a private good. (Hint: The beginning pages of chapter 36 in Varian are helpful for this questi..
How to convert the EBIT to free cash flow for the next 12 years?
Based upon your stakeholder analysis, identify what you think will be the greatest potential roadblock you will encounter from stakeholders? Summarize the issue and discuss ideas you have for addressing it in a proactive manner. In your posts to peer..
Explain how Veblen dichotomizes Business Enterprise into Business and Industry and how this dichotomy explains the conduct of Business Enterprise in a modern industrial economy.
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