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You have been asked to estimate project the total demand for owner-occupied housing in a certain market for 2025. a. If the total population of the market grew from 22,000 people in 2000 to 30,000 people in 2015, what would the average annual rate of population growth be? b. At this rate of growth, what would you estimate the population of the market to be in 2025? c. If average household size in this market is 2.75 people per households, what would the projected number of households be in this market for 2025? d. If the homeownership rate in this market is 68%, how many owner-occupied households will there be in 2025?
Suppose a ?rm’s cost function is given by C(Q) = Q^2 + 100 over the interval [0,10]. Sketch this function and then draw a secant line that connects the points 1 and 5. What is the range of this cost function? Is this function concave or convex? How d..
On July 27, 2015, the Shanghai Composite Index fell by more than 8%. To preserve asset value, the Chineese government halted trading in some companies and in short selling. How did these actions impact the efficiency of the Shanghai stockmarket? Were..
The following figure shows the demand and supply in a market, and the supply when there government decides to impose a specific tax and collect it from the producers. What ad-valorem tax (% collected from the producers revenue) would generate the sam..
After that, dividends are projected to increase at constant rate of 3.5 percent per year. How much is one share of this stock worth at a rate of return.
who operates the industry as a monopoly and seeks to maximize profits from the sale of computers. Elucidate which of the following is a likely consequence of the monopolization of the industry.
Unemployment occurs even during periods when the economy is growing. An increase in demand will cause the equilibrium price and quantity to rise, ceteris paribus. An increase in wages will shift the supply curve up and to the left. GDP measures under..
How much money must be invested in an account that pays 6% per year interest to be worth $20000 at the end of 8 years of (forgetting the leap years and making "convenient" assumptions) : Interest compounded semi-annually? Interest compounded quartley..
You work for a company that is being accused of monopoly behavior, given its large size. Comparisons are made to the industry standard, where each establishment
List and explain four of the six problems common to oil states.
The European Economic Community was founded with the Treaty of Rome. Please name the ten most important milestones between 1957 and the EU enlargement of 2008. The EU is the biggest common market worldwide. Please name the most important facts that d..
You are a wine blender. To make one bottle of red wine, you use 4 parts zinfandel, Z, and 1 part merlot, M. Zinfandel sells for $1 per part, P. = /, and merlot
Regarding one of the criterion, the four characteristics of a firm, how does this criterion reflect on rent, interest and profits of a firm?
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