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Under a program sponsored by the New Mexico Livestock Board, owners of horses and other live- stock in Grant County can have chips inserted into their animals for $5 in vet fees and $30 for a permit. The state of New Mexico appropriated $840,000 to improve the program of animal inspection and movement control so that officials will be able to track and identify all animals and premises that have had contact with an animal disease within 48 hours of initial diagnosis. If the state receives the permit and vet fees from 500 animal owners per month, how long will it take for the state to recover its investment at an interest rate of 1.5% per quarter compounded monthly?
The problem belongs to Economics and it is talk about price of a product or service being equal to the marginal cost and whether or not this pricing is indeed producing profit to the firm.
Normal 0 false false false EN-US X-NONE X-NONE Suppose that John could wor..
The publisher of a new book figures fixed cost at $92,000 and variable cost at $2.10 for each book produced. If the book is sold to distributors for $15 each, how many must be sold for the publisher to break even?
Declare your topic to the class by posting a new thread in the related DB forum and titling it with the key term you selected.
Explain how the Laws of Supply and Demand are illustrated in this graph. Describe the equilibrium price and quantity in this market. Assume that the government imposes a price floor of $12 in the E-Book market. Explain what would happen in this marke..
How companies and countries are becoming specialised in certain industries to compete and expand their businesses. Compare Australia with any other country.
Insurance companies must provide insurance to drivers who may take risks that go unreported because they don't wreck or get ticketed (or if they do wreck or get ticketed, it goes unreported to the insurance company).
Explain the sources of economic inequality (‘the gap') between indigenous and non--indigenous Australians and discuss an economic strategy that you think would help to close the gap.
"Some economists worry that the aging populations of industrial countries are going to start running down their savings just when the investment appetite of emerging economies is growing" (The Economist, May 6, 1995)
Presume a certain country has a private saving of 6 % of GDP, capital inflow of 1 % GDP and a balanced budget. What is its level of investment if the budget deficit is 1.5 % of GDP?
Suppose 2 firms are found on the real line [0,1]. Firm 1 is located at a=.15, and Firm 2 is located at 1-b, where b=.15. Assume P1=P2=$10. Consumers face a distance cost of $2 per square unit of distance. What can you infer about the market share of ..
Create a realistic scenario that illustrates the aggregate-demand / aggregate-supply model. In your scenario, you should identify changes in specific variables that cause each curve to shift.
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