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Given major housing boom that contributed to economic growth in the United State from 2003 through 2008, some of revenues that local governments received were from development impact fee. Development impact fees are charges imposed on a developer to offset the additional costs of the new development that is imposed on society. New developments are very important for local economies given the benefits that they provide. Now, new developments are slowly starting to be established, which has many implications for local communities. What role should the local governments provide with regard to alternative solutions or reduction in fees given the positive externality that is provided by these new developments? Differentiate the options that the local governments will need to discuss given the lack of resources that are currently available.
Households make four kinds of economic decisions. Assume you have two households with the same income. Household A has one income earner and Household B has two income earners.
You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:
An analyst created reformulated balance sheets for the yeas 2007 and 2006 as follows, Compute the free cash flow for 2007.
Sailright Inc. makes and sells sailboards. Management believes that the price elasticity of demand
Suppose that a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production corresponding to different numbers of workers:
Illustarte what are the main costs of production for the good or service your organization supplies. Breakdown the costs from the largest to the smallest.
Compute mean, standard deviation & CV of sales. The demand for MICHTEC's products is related to the state of the economy.
What would an economists say that the burden of the FICA tax is shared equally. Who bears more of the tax burden Workers or employers.
You are the manager of a firm that manufacturers front and rear windshields for the automobile industry. Due to economies of scale in the industry
Describe the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Illustrate the difference in the price elasticity of demand for an individual firm in a perfectly competitive industry as compared with a monopolist.
To maximize total income should the price be increased or decreased
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