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A city has developed a plan to provide for future municipal water needs. The plan proposes an aqueduct that passes through 500 feet of tunnel in a nearby mountain. Two alternatives are being considered. The first proposes to build a full-capacity tunnel now for $556,000. The second proposes to build a half-capacity tunnel now (cost = $402,000), which should be adequate for 20 years, and then to build a second parallel half-capacity tunnel. The maintenance cost of the tunnel lining for the fullcapacity tunnel is $40,000 every 10 years, and for each half-capacity tunnel it is $32,000 every 10 years. The friction losses in the half-capacity tunnel will be greater than if the full-capacity tunnel were built. The estimated additional pumping costs in the single half-capacity tunnel will be $2000 per year, and for the two half-capacity tunnels it will be $4000 per year. Based on capitalized cost and a 7% interest rate, which alternative should be selected?
You are the manager of a firm that receives revenues of $20,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -3, and the cross-price elasticity of demand between product Y and X is -..
Some estimates are that immigration has increased the US labor force by 10%. Assume that the labor supply native and immigrant workers are both completely inelastic. By what percent will the wage rate of native workers fall? By what percent of GDP wi..
If Romaine lettuce and Iceberg lettuce are substitute products, an increase in the price of Romaine lettuce will ______ the demand for Iceberg lettuce. A. shift inward B. shift outward C. either increase or decrease (depending on whether lettuce is a..
If the exchange rate at the end of the year is 105 yens for a dollar then what would be the inflation rate be in the US.
A set of cash flows begins at $200,000 at the end of year 1. It deceases by 10% at the end of year 2 and so on, until n = 10 years. If the MARR = 8%, what is the PW of the flow? Lucky Linda, a very good Avon salesperson, is averaging $100,000 per yea..
Suppose there are two types of persons: high-ability and low-ability. The schooling required to obtain a particular diploma costs a high-ability person $8,000 per year, and it costs a low-ability person $10,001 per year. What range of years of educat..
Which of the following is not a characteristic or focus of microecon?
Why would an entrepreneur choose C corporation status instead of one of the flow-through entity types? Include characteristics of formation, business activity, and distributions in your response. Discuss non-tax reasons as well as tax reasons.
A firm's production function is qi = 2Li + 10Ki. Assume both variables can be adjusted, even in the short run (for instance, making an item by hand versus using a machine to do so). a. What is the firm's cost function, if w=$15, and r = $100?
Outline how neoclassical economists derive the law of demand and then criticize neoclassical consumer/demand theory from a heterodox perspective
Compared to a perfectly competitive market, in a monopoly market
q.country economic analysis report country is indiafor the most current year collect the subsequent data1 gdp you may
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