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Smallville is suffering annual losses of taxable properties and property values of 1% each. Even so, Smallville must maintain its tax collections at a constant value of $3.2 million to maintain services. What is the required rate of increase in the tax rate? NOTE: While smallville uses a rate of 6% for the time value of money, that rate is irrelevant to this problem.
suppose a worker is offered a wage of 5 per hour plus a fixed payment of 40. what is the equation for the worker
Illustrate what was the impact on the supply and demand of labor on one sector of the labor market. Explain the factors that affected labor demand and labor supply in the chosen historical example.
Describe the likely economic impact to a company if its bonds are down-rated from AA to A in its annual review from Moody's and S&P. Find the price of a 20 year bond that has a coupon rate of 8%, pays semi-annual interest, and has a $1,000 face amo..
q.in 2020 ahmed decides to invest in a wind turbine that would produce and sell electricity to the local electric
At what value of X will Q be at its maximum. Illustrate at what value of X will Diminishing Returns set in.
Crossroads Sign Case Assume you are the plant manager for Crossroads Sign Company, which produces road signs in a market that approximates perfect competition.
From observations over many years, the company has concluded the fill amounts in their 2 litre bottles is normally distributed with a mean of 2.01 litres and a standard deviation of 0.11 litres. What fill amount (in litres) will see 97% of all bot..
South Korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. The U.S. can produce a maximum of 700 million toaster ovens or 1,000 million tons of rice per year.
q. 1. suggest how an economist would approach the problem of alcohol abuse. provide two possible solutions to this
A sum of $16,000per year will be received uniformly over a five-year period beginning two years from today. What is the present value of this deferred- funds flow if interested is compounded continuously at a normal rate of 9%.
The widget Industry in Any town is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given.
Explain the paradox of why new cars usually lose a large fraction of their market value the moment they are driven from the showroom. Identify the economic principle that explains this paradox.
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