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The State Parks Department is considering the purchase of a marsh to form a bird sanctuary. Bird watching is valued at $2 per hour, the state's interest rate is 5%, and perpetual life is assumed. Viewing hours are estimated at 40,000 for the first year, with increases of 4000 per year. What is the EAW for the sanctuary? What fraction of the EAW is due to the expected increases?
Alternative A has a first cost of $20,000, an operating cost of $9,000 per year, and a $5,000 salvage value after 5 years. Alternative B will cost $35,000 with an operating cost of $4,000 per year and a salvage value of $7,000 after 5 years. At an MA..
Suppose that there are 10 million unemployed workers in a country and 90 million employed workers. Suppose we know that the fraction of workers who lose their jobs in a given month is .02 and the probability that unemployed workers find work in a giv..
Independent trucking is an industry that can be considered perfectly competitive. Draw a graph showing market supply, market demand, and equilibrium price and quantity. Draw a corresponding graph for the individual firm/trucker using the market eq..
Find and plot the SAC and SAVC curves. For this function, the SMC curve is given by SMC(q) = 0.2q +10. Include this curve in your diagram for part b. Write the equation for the firm’s short-run supply curve and indicate it in the above graph
State the appropriate monetary policy which the Bank of Canada should be operating, given the above situation.
What must be there to enable the internetworking of different types of networks?
The Russian air force is being called on this year to intercept storms advancing on Moscow and to seed them with dry ice and silver iodine particles. The idea is to make the snow drop on villages in the countryside instead of piling up in Moscow.The ..
There are over 5,000 banks in the United States—more than 10 times more per person than in other industrialized countries. A recent study suggests that the long-run average cost curve for an individual bank is relatively flat. If Congress took steps ..
The risk premium it charges on its loans is classified as profits in economics.
At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, quantity demanded falls by 2.30%. By the end of this year, the price of gaso..
Jim Dandy had a very? short, but? illustrous, football career. The best news is that he thought about saving some of his earnings. Jim was able to save ?$22,750 each year during his seven-year ?career, with his first deposit made at age 20. Jim place..
As part of their chores on Saturday mornings, they have to clean the bathrooms also wash the floors of the house while their parents go grocery shopping.
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