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Q1. It has been estimated that private prisons are about 10 percent cheaper, on a every prisoner basis, than public prisons. On this basis, would you recommend that prisons be privatized? If not, illustrate what other information would you require?
Q2. If a person begins saving money by depositing $1000 now also then increases the deposit by $500 every year through year 10, the amount that will be in the account in year 10 at an interest rate of 10% every year is?
Two consumers Jorge and Admen, together own 1,000 baseball cards and 5,000 Pokémon cards.
An equal number of consumers who have a willingness to pay of $119 are allowed to buy the good at a price of $99. How will consumer surplus be affected.
Would you expect firms in a tight oligopoly market reap higher profits than firms in a loose oligopoly market.
Firms raise capital from investors by issuing shares in the primary markets
Explain with the concept of optimization and a graph, the circumstances under which a waste site could be made "too clean".
Find the mean and standard deviation of team payroll for the 14 American League and the 16 national League teams.
Calculate the equilibrium interest rate by setting the demand for central bank money equal to the supply of central bank money.
What is the value of net domestic product (NDP)? What is the value of national income (NI).
What is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit.
Coupled with $160 annual tax rebate per household. Will the household be better or worse off under the new program.
Explain how businesses create value by integrating the production and distribution of goods, services, and information.
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
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