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1. An owner is thinking about building a 35,000 seat stadium. He has data from another stadium being built that shows that it is costing about $11.8 million for a similar stadium that seat will seat 42,000 people. Estimate the cost for the owner.
2. A process plant is going to be built that will have a capacity of 28,000 barrels per day. An identical process plant is being built for $28 million dollars with a capacity of 20,000 barrels. If the scale of operations constant (cost capacity factor) is 0.6 for this process, what would you estimate the cost to be?
you just opened a flower shop and are trying to understand pricing issues. you were told that elasticities are very
A loan shark offers you $70 dollar interest payment to loan you $300 for 2 months. what is the effective annual interest rate:
a firm has 2000000 in sales a lerner index of 0.56 and a marginal cost of 35 and competes against 900 other firms in
1. Explain why you agree or disagree that Americans seem willing to sell their own privacy cheaply while simultaneously craving private information about one another. 2. Describe what role you think technology has played in these trends towards pri..
What is your intended major? Discuss how your interest in the subject developed and describe any experience you have had in the field - such as volunteer work, internships and employment.
Briefly explain what is behind the supply and demand curves in that market. Remember, "market" generally refers to something broader than a specific brand
a small supermarket is trying to determine how many copies of people magazine it should order next week. the owner
Describe at least two challenges of quantifying the rate of return for this public health initiative. Using the principles of rate of return, explain whether the financing this initiative is justified.
Suppose the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans because economic conditions are bad. A Federal Reserve official notes: "A restrictive monetary policy can force a contraction o..
Suppose that the market for frying pans is a competitive market. The following graph shows the daily cost curves of a firm operating in this market.
Describe the microeconomic principles being used
Policies that affect the supply of output in the economy as a whole are:
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