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Toronto charges a property tax rate of 4 percent on commercial buildings while Markham charges a tax rate of 3 percent on the same type of building. Yet competition for tenants ensures that the rent charged for places on the north side of Steeles Ave does not differ from the rent charged for a place in an otherwise identical building on the south side of Steeles Ave. Therefore, at an interestrate of 4 percent the equilibrium selling price of the first building (in Markham) will be about 115 percent of the price of the second building (in Toronto).
Explain how modern theory of rent is an improvement over Marshall''s theory of rent.
How do graph the demand & supply curves, equalibrium price & quanitity for the following:
Rising jet fuel cost recently led most major U.S. airlines to raise fares by approximately 15 percent. Explain how this substantial increase in airfares would affect the following:
If an economy is in the steady-state as described by the Solow model and the growth rate of labor is 3.0% per year, how many years will it take for the capital stock to double in size?
What other factors affecting Bulgaria should be included in a SWOT analysis? Evaluate the potential for tourism to contribute to Bulgaria's rural economic development in view of this SWOT analysis.
What is the equation of exchange? Use the equation of exchange to determine by how much the price level increases if the economy is at full employment, velocity is constant, and the money supply increases by 7.6%.
Explain how network effects are largely responsible for the large market shares enjoyed by Microsoft in desktop operating systems and by Google in mobile phone software.
Explain the difference between the demand curve facing a monopoly firm and the demand curve facing a perfectly competitive firm.
Customer demand for gasoline changes when the price of gasoline falls.
Describe current economic crisis growing unemployment which have impact on price elasticity of health care demand.
1. suppose the demand for baseballs is given by q 200 - 8p.a. waht is the price elasticity of demand when p6?b. at
Determine the stage in the lifecycle for each country's economy. Develop notes for the Real-Time Project that will help Bedford Con Industries expand partnership and operations in the European Union.
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