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A young man, 30 years of age, was killed while working as a lineman for the local electric authority. His annual salary was $27,500. The electric authority also contributed to health insurance coverage and retirement at a cost of 12% of the annual salary. His salary was projected to increase annually by $1500, and the lineman was expected to retire at age 55. What amount should the estate receive for lost income and benefits using an interest rate of 8%?
Pick Industries produces plastic toothpicks that it sells to distributors in the Southwest. During the early 1990s, the price of the plastic it uses to produce toothpicks fell by 46 percent, due to a local glut of recycled plastic containers. what im..
Why might convertibility be important for the establishment of paper money? Would you expect it to remain as important if the paper money has the status of legal tender? Explain why or why not.
Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. Provide a ration..
During the recession of 2008-2009, and even after the recession ended, we saw the use of many monetary policy tools to stimulate the economy. Please find one article from an established source (newspapers, respected magazines, and so on), documenting..
Major soft drink companies have begun to phase out their previous system of marketing their product through independent bottlers and moved toward company-owned distribution systems. One issue is the coordination of pricing and marketing in the two ty..
Assume Elinor works in period 1 and earns an income of 100. She is retired in period 2 and lives off her savings. She can save this period 1 income or spend it on consumption. How much will Elinor have to live on in period two if she spends NOTHING i..
1. What is your overall impression of the medical practice and the receptionist?
q1. illustrate what might you be able to infer about the elasticity of demand from the following statement in the
Suppose the manufacturer of running shoes has collected the following quantitative information. Demand for the boys’ shoe is estimated to be Q 9,600 200P, or, equivalently, P 48 Q/200. The shoe’s direct cost is C $60,000 .0025Q2. Check that these dem..
Which of the following is/are characteristics a monopolistic competitive market? Which of the following is/are not characteristics of oligopoly market? Which of the following is/are possible outcome(s) of Cartels?
According to the author, Kim Kiyosaki, RICH WOMAN, what are 11 statistical reasons why women should become investors in the United States?
How does unemployment level shift of move along the PPF?
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