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Suppose one were asked to recommend a price for the output of a proposed downtown parking garage, so that the project would have as large a Net Present Value as possible. In this case, the optimal parking price or rate is the one for which the last person's willingness to pay for parking will exactly equal that person's marginal cost of parking, including the opportunity cost of that person's time.
Required:
Describe Willingness to Pay?
Consider an upstream firm in Russia that mines iron ore at a total cost of $15 q , where q is the number of tons of ore. This upstream firm then ships ore to Germany for processi
1. Discuss how banks make money, and are structured in respect to Asset, Liability and Capital Management – give examples.
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
Optimum currency area: An optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency
the diagram used to illustrate abnormal and normal progits
how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded
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How many hours will an individual allocate to leisure if their indifference curves between consumption goods and leisure are concave to the origin? Show in figures and explain in
Entrepreneur: The entrepreneur or enterprise is a special factor of production that is in charge of the organization of the other three factors of production (land, labour and
what is the second best?prove the theorem with the help of a diagram?
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