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A certain index for the cost of purchasing and installing utility boilers is keyed to 1988, where its baseline value was arbitrarily set at 100. Company XYZ installed a 50,000-lb/hour boiler for $414,287 in 2000 when the index had a value of 468. This same company must install another boiler of the same size in 2010. The index in 2010 is 542. What is the approximate cost of the new boiler?
Explain the implications of those classifications on tax revenue collections when the per-unit tax increases as opposed to decreases.
What asymetric Information can contribute to the onset of both a currency and financial crisis.
The Governor of Arkansas has asked you (her crack economic advisor) to analyze how employment in trucking and poultry processing will be affected if the legislature passes a proposed law that will increase labor cost in both industries by ten percent..
Consider an economy that has two banks with the following information: East Bank: $1600 cash $15,000 DD $2200 Deposit in the Fed $1300 US government bonds West Bank: Calculate: The desired excess reserves ratio (for the whole economy), Cash held by ..
Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers..
For each of the following scenarios involving the U.S. government, determine the primary function of government that is being served. Microsoft, the operating system giant, was recently accused of illegal business practices aimed at significantly inc..
What rate of output maximizes profits? What is MR at the rate of output? What is price? If output is increased beyond that point, what is the relationship of MC to MR? How will this affect total profits?
Cartco needs to borrow $4 million for an upgrade to its headquarters and manufacturing facility. Management has decided to borrow using a five-year term loan from its existing commercial bank. The prime rate is 3 percent, and Cartco’s current rating ..
Utilizing a graph of equilibrium in the housing market, describe carefully which parties win and which parties lose from rent control.
Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew? Just need an explanation of what it woudl look like?
Draw the US demand and supply curves for oil and indicate how much is imported in barrels of oil and its value per year.
In game theory, a dominant strategy refers to a choice
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