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The B/C ratio for a mosquito control program pro- posed by the Harris County Department of Health is reported as 2.3. The person who prepared the report stated that the health benefits were estimated at $500,000, and that disbenefits of $45,000 per year were used in the calculation. He also stated that the costs for chemicals, machinery, maintenance, and labor were estimated at $150,000 per year, but he forgot to list the cost for initiating the program (trucks, pumps, tanks, etc.). If the initial cost was amortized over a 10-year period at 7% per year, what is the estimated initial cost?
An interesting example of strategic behavior comes from the 1997 article regarding Microsoft's investment in Apple (New Straits Times, 1997). The article is included in Required Readings list.
Which one of the following statements about trade blocs is correct - Which one of the following is not an important source of revenue for the federal government?
Calculate the marginal propensity to consume. Calculate saving at each level of disposable income and calculate the marginal propensity to save.
Which of the following led to the downsizing of hospitals A) An increase in Primary care physicians B) Reimbursement from prospective to retrospective C) Outpatient care
Explain how China's price controls have changed consumer surplus, producer surplus, total surplus, and the deadweight loss in the markets for coal, petrol, and diesel.
suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. then inflation turns out
"Since consumers' tastes are changing so rapidly, there is no reason to expect that statistical demand estimates derived from historical data will be accurate in the future." Critically evaulate this statement in light of your knowledge of statist..
What is the relative income hypothesis? Evaluate this statement: “Once income exceeds the subsistence level, individual perceptions of the adequacy of their economic performance depend almost solely on relative as opposed to absolute position.”
Using demand and supply curves explain how shortage and surplus are created
Which is a key feature of the market system?
Provide the Gilbert's choices of both Bordeaux and yogurt under the following circumstances (Consider each separately):
Explain the current economic, social and legal environment and how this type of business fits the environment. Discuss the Product or Service and summarize your analysis of why you believe it will be successful.
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