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Pine Village needs some additional recreation fields. Construction will cost $225,000 and annual O&M expenses are $85,000. The city council estimates that the value of added youth leagues is about $190,000. Annually In year 6 another $75,000 will be needed to refurbish the fields. The salvage value is estimated to be $100,000 after 10 years. Draw the cash flow diagram.
You are in the market for a used car. At a used car lot, you know that the blue book value for the cars you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you, how much are you willing to ..
Describe the uncontroversial final effect of a contractionary monetary policy and an expansionary fiscal policy.
Define and explain a closed system and an open system and provides examples of both. Explain the inner and outer flows of a closed and open system. Define and explain the leakages and injections in an open system.
You only need to refer to the 3 or 4 papers that you think are the most important. Use economics journals for your references, for example, Journal of Health Economics, Rand Journal, American Economic Review, etc.
Use the price-cost formula to determine whether or not the firm's operations are productively-efficient. (e) Use the price-cost formula to determine whether or not the firm's operations are allocatively efficient.
Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area How does the assignment of property rights af..
What type of market structure is OPEC? What are some important issues that OPEC must confront in their efforts to control the price of oil?
What is the purpose of the two fields of study, neuroeconomics and behavioral economics? Why might people tend to be overconfident? Use the following information to determine the total fixed costs, total variable costs, average fixed costs, averag..
Fill in the following table assuming that policy makers have a correct model of the economy, follow the Taylor rule, and the economy has the two one period lags.
You are a budget analyst in a California State legislative budget committee and have been asked to prepare a policy brief on the budget issue for the state.
Use the Heckscher-Ohlin factor proportions framework with 2-factors, skilled and unskilled labor, to estimate the following arguments.
As with this data how could you make the cost benefit test to tell if at a given percentage level abatement is effiecient.
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