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Sales of bottled water in the U.S totaled 16.3 gallons per person in 2004. Water costs .40 cents per bottle.A municipal company provides tap water for $2.10 per 1000 gallons. If the average person drinks two bottles of water per day or uses 5 gallons per day in getting that amount of water from the tap.
what are the present worth values of drinking botled water or tap water per person for 1 year?
Use an interest rate of 6% per year compounded monthly and 30 days per month.
What fiscal policies do you think caused the crisis and what were the effects of the fiscal policies implemented in reaction to the crisis?
Explain they aim for a higher or lower target inflation rate. Will higher growth be achieved in the short run and the long run.
Find out optimal consumption level of video games and burritos that maximizes total utility.
Suppose you are an advisor to President Obama. Illustrate what fiscal policies would you put in place.
Suppose this industry is perfectly competitive and is presently in long-run equilibrium. Suppose people start to prefer dogs as pets and cat ownership declines.
Assume Madison has sixteen hours in the day for work or leisure. She earns $5 an hour and receives $15 each day in non-labor income.
The chance that the price of a college education will be the same 18 years from now as it is today seems remote. Assuming that the price will rise 3% per year, and that today's interest rate is 8 percent, what will your friend's investment need to..
Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is -3.0.
Elucidate the difference between GDP and GNP. What adjustments needs to be made to GDP to arrive at GNP.
As all points on a contract curve are efficient, they are all equally desirable from a social point of view.
Assuming that there are only two goods, and the other good (food) is capital intensive, show the equilibrium points of production and consumption in ALFA, before and after trade.
The consumption of which bar yields the greates marginal utility?The reason why people are charged for an additional can of soda they get from a soda machine, but are not charged for an additional paper taken from a newspaper dispensing machine, is..
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