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Question: A proposed steel bridge has a life of 50 years. The initial cost is $350,000, and the annual maintenance costs $12,000. The bridge deck will be resurfaced every 10 years (in years 10, 20, 30, and 40) for $90,000, and anticorrosion paint will be applied every 5 years (in years 5, 10, 15,..., 45) for $22,000. The state highway department uses an interest rate of 6%, and 800 vehicles per day will go over the bridge. What is the required benefit per vehicle to justify the bridge?
From earlier chapters you will recall that technological change shifts the average cost curves. Draw a graph showing how technological change could influence.
What are financial intermediaries? How do these intermediaries function in the economy? What is a federal government budget deficit?
A central bank would decrease the money supply to
The federal government enacts new tariffs and quotas on all imports
Find the equilibrium quantity and price - find the consumer surplus and producer surplus and what is the cost of the subsidy program?
The Gizmo Company is planning to develop new household gadgets. Table 13.5 shows the company's demand for financial capital for research and development.
Provide an example of war-time rape either in the United States or abroad. Did the incident result in any type of punishment or were there no consequences?
What would this concern do to the demand curve for spinach? How would it impact the demand curves for organic spinach or other edible greens?
Assuming the revenue from a congestion tax is not redistributed to city residents, what effect would a congestion tax have on the residential bid rent curve? If the government reduced other taxes after instituting a congestion tax, how would the resu..
Assume the industry demand for a product is P = 1000 - 20Q. Assume that the marginal cost of the product is $10 per unit. What price and output will occur under pure competition? What price and output will occur under pure monopoly?
Earthquakes and GDP: Suppose the rural part of a country is hit by a major earthquake that destroys 10 percent of the country's housing stock.
Discuss why the number of children that a family has may differ in an Industrial Society and a Third World Agrarian Society.
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