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From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $12 million in withdrawals from other banks’ ATM machines. On average, noncustomers earn a wage of $26 per hour and pay ATM fees of $3.50 per transaction. It is estimated that banks would be willing to maintain services for 4 million transactions at $1.50 per transaction, while noncustomers would attempt to conduct 19 million transactions at that price. Estimates suggest that, for every 1 million gap between the desired and available transactions, a typical consumer will have to spend an extra minute traveling to another machine to withdraw cash. Based on this information, what would be the non pecuniary cost of legislation that would place a $1.50 cap on the fees banks can charge for noncustomer transactions?
Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.
In markets economics, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. Why the diference.
q.assume that you live in a simple economy in which only three goods are produced and traded fish fruit and meat.
Elucidate how can tax cuts help revive the economy. Write your individual answer to the question listed above minimum 300 words in essay format in APA style.
Herbert spends all $50 of his pay check on food and shelter which each cost $5 per unit. What is the equation of his budget line?
activity 1-1 stakeholder influences and interconnections part a reflective journal-stakeholder diagram stakeholder
q1. a express total profits pi in terms of q.b elucidate total profits maximized at which level of output? what price
A cinema hall has a capacity of 150 seats. The owner can oer students a discount on the price when they show their student
Explain the connections between opportunity cost and the production possibilities frontier.
Describe an experiment that would quantify these two effects. Randomly select n students who have taken test only one time.
q. - mr. banks knows that line maintenance expense varies with company size and he wants to use the latter to predict
If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity?
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