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The Johnson Company bought a truck costing $29,000 two and a half years ago. The truck's estimated life was four years at the time of purchase. It was accounted for by using straight line depreciation with zero salvage value. The truck was sold yesterday for $19,000. What taxable gain must be reported on the sale of the truck?
Illustrate what output does the low point of ATC occur and illustrate what is the ATC at that output. Explain how your calculations.
Alex has a utility function U=3 sqrtXY The price of good X is $1, the price of good Y is $2, and her income is $100. Her quantity demanded for good X is ___ Her quantity demanded for good y is___
Suppose to have a linear programming problem. It is known from the optimal solution that allowable increase of the b1 is equal to 30. Initial value of b1 is 40.
Suppose the price of capital in the restaurant industry decreases. Explain how the decrease in the price of capital affects the demand for labor in this industry. Be sure to explain both the scale and substitution effects.
Voters in the State of California decide that the tobacco industry is having too great an impact on the outcome of local referenda limiting smoking in public places.
A monopolist faces the following demand curve: P = 100 - 3Q, its total cost is given by: TC = 100 + Q2 and its marginal cost is given by: MC = 2Q. If it is a single price monopolist, what is its profit maximizing price and quantity? Show your work. H..
Find total revenue for quantity equal to 10,000, 20,000, and so on. Illustrate what is the marginal revenue for each 10,000 increase in the quantity sold.
Economic efficiency requires that a natural monopoly’s price be
Will insurance companies relinquish their role as for-profit healthcare payors and administrators, and allow the federal and state governments to take control?
Card and Krueger's paper (AER 1994, "Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania") uses a difference-in-difference identification strategy to identify the causal effect of a minimum wage increas..
Which of the following is likely to lead to a right shift in the supply curve of? cotton?
q.given the following annual information about a hypothetical country answer questions a through d.billions of
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