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Millville is suffering annual losses of taxable properties and property values of 1% each. Even so, Millville 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 Millville uses a rate of 6% for the time value of money, that rate is irrelevant to this problem.
Assume that a consumer has the utility function U(x,y) = 3x+y, where x and y represent the quantities of two goods, X and Y. The consumer has I=$60 to spend on the two goods, and good Y costs py=$2 per unit. The price of good x, px, is also exogenous..
q.a new water pump has been purchased for 1400 that is expected to require 600 per year in annual operating costs plus
The economic Service life of an asset is: In a one-year later replacement analysis, if all estimates are still current and the year is not ND, the action that should be taken is:
Which of the following is not a motive for holding money in? Keynes's liquidity preference? theory?
Sterling, Inc. is a manufacturer of state-of-the-art computers. For the past ten years, Sterling has acquired all of its microchips from NoBugs Corporation, the only producer of chips meeting Sterling's high specifications. Write a discussion of the ..
How has Apple positioned itself to take advantage of unique designs to attract a sufficiently large niche market to surpass the competition in the United States and China?
What if jumbo bags now cost $1? For each case draw a budget line that shows her best choice by adding indifference curves. Assume olivia cares only about the of peanuts and not the bag size.
Mike finds a Coke machine in an abandoned part of town and is extremely thirsty. The Coke machine requires exact change -two quarters and a dime. No other combination of coins will make anything come out of the machine. Does Mike have convex preferen..
Two firms are ordered by the federal government to reduce their pollution levels. What is the socially optimal level of each firm’s pollution reduction? Compare the social efficiency of three possible outcomes:
Compute elasticities of demand and explain briefly for each the relevance of this information in decision-making by the firm. The data has been generated in each case from recent market experience or from test markets.
A simple Keynesian income determination model of an open economy is described by the following equation
In 2000, the SEC proposed new regulations that would limit consulting work by accounting firms. This proposal was not passed by Congress. Do you think the legislators were trying to act in the public interest when they failed to pass this proposa..
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