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Problem
A car wash at the corner of Will shire and Olympic boulevard in Los Angeles is for sale for $500,000. Mr. Buy cheep who intends to buy the facility estimates that it will have a 100 car per day customer base. The cost of water, electricity, washing liquids, etc. per car is $1. For administration and operation of the facility, three people at $7 per hour must be employed. If the purchaser wants to take home $300 per day and recover his investment and costs in two years, what should he charge per car wash?
Suppose that rather than the declining demand assumed in Example 2.7, a decrease in the cost of copper production causes the supply curve to shift to the right by 40 percent. How will the price of copper change?
oligopolies have a negative impact on income distribution. do you agree or disagree? provide justification for our
Suppose you grow much of the spices in the Spice Islands. Knowing that few people could compete with you, how would you adjust your production to maximize.
Construct a segmented bar graph for these data. Which graphing method-the pie chart or the seg- mented bar graph-do you think does a better job of conveying information about response? Explain.
jason has been making equal annual payments of 7500 to repay a college loan. he has just made an annual payment and now
What is the tax price of educational spending after the policy? How much will Lexington spend on education? How much will it spend on all other goods?
In 2012, Hurricane Sandy caused massive destruction to the northeast United States. Tens of thousands of people lost their homes and possessions.
Find the range of outputs for which the cost function C(q) = f + cq2 is characterized by economies of scale, (ii) diseconomies of scale, and (iii) constant returns to scale. Are there economies of scale if f = 0?
Relative to a tracking station whose local sidereal time is 1170 and latitude is þ510, the azimuth and elevation angle of a satellite are 27.5156 and 67.55560, respectively. Calculate the topocentric right ascension and declination of the satelli..
Steel grave Financing offers payday loans. The firm charges a $10 interest fee for a two-week period on a $300 loan. What are the effective and nominal annual interest rates on this loan?
Explain why it is possible to interpret a two-part tariff as a two-block-rate tariff. Explain the circumstances under which this equivalency might not hold. Why might a consumer choose to have access and still consume zero units?
Suppose you borrowed $200 one year ago and must now repay $210. The inflation rate over the year was 7 percent. What is the nominal interest rate on this loan
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