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Adam invests $2,800 at the beginning of each year for 15 years in a bank account and leave that amount for the next 15 years.The bank offers you a return of 4.5% per annum. What is the value of the investment at the end of 30 years.
Stan Money maker needs 16 gallons of gas to top off his tank. I he drives an extra 8 mile round trip Stan can save an extra $0.05 a gallon. Suppose gas costs $3.10 per gallon and Stan gets 24mpg. Each mile driven gives off CO2 that has an environment..
Policy analysts in the Department of Natural Resources have estimated that the marginal benefits from water pollution abatement are given by the function MB ¼ 0.90 À 0.03A, where A is a measure of the abatement intensity. Determine the optimal level ..
Your the manager for a college football team. Assume you own the stadium and the variable cost per attendant is $0. You’ve been told by your in-house economist that you should set the price of tickets at $50 to maximize profit. Your football coach is..
Elucidate how did it manifest itself. If the person received counter conditioning to correct the condition, Illustrate what were the results
Retail sales taxes are used at the state and local level to finance general fund expenditures. In other words, the tax revenue collected via the sales tax is not tied directly tied to benefits received by each taxpayer. Retail sales tax fair?
In fact, nominal interest rates do not change significantly in the fourth quarter of the year, due to deliberate Fed policy. Explain and show graphically how the Fed can ensure that nominal interest rates remain stable around Christmas.
A negative income elasticity of demand coefficient indicates that:
The market demand for a public good such as environmental quality is found as the horizontal sum of all the individual demands for that good. According to the Coase Theorem, assignment of property rights will permit bargaining that leads to an effici..
A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve price, the item is unsold at a profit of $0 for the auctioneer. If only one bidder values the item at or above the reserve price, that bidder pays th..
If the price of coffee increases, we get a positive rate of inflation, even if no other price rises. Is this really inflation? Explain.
The batteries carry a 12-month guarantee. What percent of batteries will fail in less than 12 months?
Which of the following is NOT a reason why there are economies of scale?
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