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The city council is conducting a cost-benefit analysis for a new bridge. The construction materials for the bridge will cost $80 million. The maintenance costs are estimated at $7 million per year. The hourly wage for construction workers on this project is $19.50 per hour. These workers could have earned $15.50 in other jobs in the community and will spend 0.5 million hours completing the project. The new bridge is expected to save two lives each year, and individuals estimate the value of a life at $9 million on average. It is also expected that drivers will save approximately 225,000 hours of driving time each year. The after-tax return to a firm is 7%, and the firm's tax rate is 50%.
The first-year cost is $ ______ million. (Where necessary, round to 2 decimal places.)
What do you believe makes us human?
Make an observation of behaviors or relationships you have witnessed in the world.
a. What is the maximum level of accounts receivable that ALei can carry and have a 35?-day average collection? period?
Consider a situation along the line of that in United States v. Carroll Towing Co., the case that led L. Hand to express what is now known as the "Hand Rule."
Consider the market for two goods that are complements, ink and printer. If a technological breakthrough reduced the cost of producing printer: Show all work! Graphs, in your addition to your explanation is useful
Provide an original example of perfect substitutes and perfect complements.
Rabelaisian Restaurants finds that in order to hire L units of labor, it must pay a wage of 40 + .1L per unit of labor. The demand curve for meals at Rabelaisian Restaurants is given by P = 13.75 - Q/1,000. The profit maximizing output for Rabelai..
Your environmental science professor designs an experiment to see whether students in her class care about recycling.
Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..
What are the different forms of learning and teaching
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
Kenji is working for an advertising firm making $60,000 per year but considers starting his own advertising company. Kenji has determined that to launch the business, he needs to invest $100,000 of his own funds. Kenji plans to manage the business, w..
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