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The maintenance costs are $1,000 per year for the first 20 years and $3,000 per year thereafter during an infinite life span. With interest at 8% per annum, how much is the present worth of the annual disbursements?
Suppose the real side of an economy is characterized by: Y = 80K1/2 L1/2 K=100 and L= 100 G = 3000 T = 3000
If the government imposes a quantity tax on the consumption of a good, it means that the consumer has to pay for each unit of the good its price plus the tax. For example, if the price of a chocolate bar is $5 and the government imposes a tax of 20 c..
Kristen and Anna live in the beach town of Santa Monica. They own a small business in which they make wristbands and pot holders and sell them to people on the beach. Suppose that Kristen and Anna can sell all of their wristbands for $1 each and all ..
Briefly describe the Malthusian population model and explain why it is inconsistent with population data after 1750. Using a Lee-Malthus diagram(s), derive the Iron Law of Wages result. Be sure to label the curves, axis, and important points in the d..
What must you do to effectively negotiate a contract that will earn the group a profit? What demographic information is needed? How will you capture what type of risk you will have in this contract in terms of cost of delivering care?
Identify and discuss some of the other factors that influenced the growth of social media. To get you started and pointed in the right direction, consider how the use of digital cameras, digital video cameras, cell phones with cameras, and portable d..
In equilibrium, with diminishing marginal products, the slope of the PPF is equal to:
Account for the reason why Europeans, who were fewer in number, were able to conquer, and control other areas of the world which were geographically larger, and socially well organized. Can a connection be made between the foregoing and the arrival o..
There is a new small entrepreneurial solar power business in town. In today’s competitive environment, partners are struggling with a series of management and environmental issues. For example; finding the right target market that would respond the b..
A person who paid $10 for an umbrella in the U.S. sees the exact same umbrella in a store in London, England for 6 British pounds. If the person could expect the real exchange rate to be 1 U.S. umbrella per 1 English umbrella, then the person could i..
Assume that the marketplace for engagement rings is in equilibrium.
Discuss the effect of the following public policies on the supply of labor. If there is a difference, discuss how the effect varies over time (e.g., now versus in the future) or across different groups of people. Allowing a tax credit for childcare e..
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