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Illustrate what is the net current value of a project that requires a $100 investment today and returns $50 at the end of the first year and $80 at the end of the second year? Assume a discount rate of 10%.
In the spring and summer of 1993, Chronic Wasting Disease wiped out 25% of the elk herd in Wyoming, and the number of state hunting licenses issued was reduced accordingly. In order to compensate for the decrease in license issuances, Wyoming dramatically increased the price. Unfortunately, this strategy proved unsuccessful as the state reported a 50% decrease in total elk license revenues for '93. Which of the following most accurately describes this economic situation?
Suppose a new manufacturing technology results in an expansion in the supply of golf balls in the United States of 15%. If the elasticity of demand of golf balls sold in the U.S. is -0.4, the new equilibrium price will be company currently sells 60,000 units a month at $10 per unit. The variable cost per unit is $6. The company decided to raise the price about 10%. How much change in the number of units sold can the company afford and still be no worse off?
The U.S. Government bought 112,000 acres of land in southeastern Colorado in 1968 for $17,500,000. The cost of using this land today exclusively for the reintroduction of the black-tailed prairie dog.
Illustrate what are the monopolist's profit-maximizing price and total output.
Illustrate what output would be produced, Illustrate what would total profits be also Illustrate what rate of return would the firm earn in its asset base.
Explain how will this combined tax-transfer policy affect aggregate demand at current prices.
If Live Theaters charges one price to all patrons, what would it be. Illustrate how many customers would it serve.
movements along the consumption function while changes in wealth lead to a shift of the consumption function.
Illustrate what implicit assumptions is the publisher also the analyst making about price elasticity.
The Immediate lyric Division accused Microsoft of forcing consumers to buy Internet Explorer whenever they bought Windows
In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front.
Analyze a situation in which both parties entering into a contract could benefit, economically or otherwise, from slightly ambiguous language contained in the contract.
Illustrate what most such asly cause the production possibility curve for vcrs also food to shift outward.
Illustrate what guesses survive iterated elimination of dominated strategies
Illustrate what output level would a perfectly competitive firm produce.
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