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Economic Development
Discuss any social benefits a monopoly business contributes to the public's welfare. Weighing social benefits and social costs a monopoly business generates, discuss whether current Anti-trust laws are valid, out of date or too harsh to Monopoly, bas..
what single payment at the end of year 5 is equivalent to an equal annual series of payments of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 8% compounded annually
q1. suppose the supply of apartments in minneapolis is perfectly elastic. the effect of a 100 per month tax on all
Which of the following is a positive externality? The Coase theorem allows society to correct an externality without having to go through the trouble of defining property rights. Market failures can arise when: Anytime pollution is created during the..
Springfield Medical Associates, LLP, which has 10 doctor-partners, is engaged in the practice of medicine. One of the doctors, Teresa, is supposed to mentor a new doctor, Dan, but has been so busy she has been unable to do so. Dan recently committed ..
What are the advantages and disadvantages of using the Gross Domestic Product (GDP) as a measure of productivity and economic health? Explain your answers
determine the effects of an increase in the capital stock on current equilibrium output, employment, the real wage, the real interest.
A contractor is considering whether to buy or lease a new machine for her layout site work. Buying a new machine will cost $12,000 with a salvage value of #1200 after the machine's useful life of 8 years. On the other hand, leasing required an annual..
You want to buy a new car. You plan to borrow the entire purchase price of $25,000. Dealer offers two choices: (i) an immediate $1500 rebate and financing at the regular rate of 7.2% APR for 48 months, or (ii) low percentage financing for 48 months. ..
Suppose a firm’s total cost curve can be represented as TC = 15Q2 +8Q + 45 and that marginal cost can be represented by 30Q + 8. What is this firm’s total fixed cost? Find the output level that minimizes average total cost.
Assume that the train ticket price is $100 and 1000 passengers use train per day. 2000 passengers use buses and 5000 passengers use their own car. What can you say about the elasticity and cross price elasticity of these three transportation modes? W..
Explain why the U.S. government created the Federal Deposit Insurance Corporation.
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