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Transportation equipment that was purchased in 2007 for $300,000 must be replaced at the end of 2016. What is the estimated cost of the replacement, based on the following equipment cost index? Index (2007)=236 Index (2016)=281
The market demand function is Q=80-p. Describe the profit maximizing input use, the output price, and the monopolist's profit.
What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.
Assume that the industry is monopolized by only one company. Write the equation of the TR curve and then plot the TR curve(with Q along the horizontal axis and TR along the vertical axis) for this company. Comment on the shape of the TR curve.
Suppose the required reserve ratio is 8% and that banks hold no excess reserves and the public does not change its currency holdings. If the Fed sells $5 million worth of securities, the amount of deposits in the banking system changes by $______ mil..
A new health minister proposes to distribute an apple a day for free to every citizen. To be effective the legislation states that the free apples may not be traded or sold. Explain why this “no trade” policy would be inefficient.
Suppose your firm produces electricity by burning coal. Currently it buys central Appalachia 12,500 BTU per ton coal at the market price of $52 per ton.
Suppose Alan’s preferences are described by the utility function: Find Alan’s MRS. Find the equation for Alan’s indifference curve through the bundle (3, 6).
newsprint the paper used for newspapers is produced in a perfectly competitive industry. each identical firm has a
Daily demand for admission tickets can be written as P = 36 - 0.05Q so that MR = 36 - 0.1Q, where P is the price of a ticket and MR is the marginal revenue. Elucidate at what price will CPT sell admission tickets to maximize its profit.
You must summarize the criminal conduct, identify offense by name and type (i.e., mass murder, a crime of violence, stranger to stranger), then discuss the following questions as outlined below. Discuss the crimes they committed, the reason(s) provid..
Firm A emits 200 tons of pollution and firm B emits 150 tons of pollution. Assume that the government issues 300 tradable permits (with one permit allowing for one ton of pollution). Each firm receives 150 tradable permits. Would the annual pollution..
Miller and Coors who together produce 85% of all beer consumed in the US, each spend well over $250 million a year on television advertising campaigns, promoting their beer brands.
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