Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

A new stadium is built in a municipality that results in an additional annual spending of $30 million. The MPC for the area is .8 and 60% of additional spending takes place in the city where the stadium is located. What is the overall annual economic effect in this city as a result of building the new arena?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91611145

Have any Question?


Related Questions in Microeconomics

Question consider two goods widgets and gzots which can be

Question: Consider two goods, widgets and gzots, which can be taxed to generate government revenue. The demand elasticity of widgets is 0.5 and of gzots is 1.2. For each good the supply elasticity is infinite (horizontal ...

Question draw the representative firmmarket graph of a

Question: Draw the representative firm/market graph of a perfectly competitive market in long-run equilibrium. Be sure to include and label all necessary curves. (a) Suppose the market demand curve shifts outwards, descr ...

Question 1 consider the rothschild-stiglitz adverse

Question: 1. Consider the Rothschild-Stiglitz adverse selection model that we discussed in the class. Suppose a competitive insurance company proposes an insurance policy that provides full insurance to all individuals, ...

Quesiton in the spring of 2003 two professors from a couple

Quesiton: In the spring of 2003, two professors from a couple of New York universities were allowed examine the filings of those companies that had complied with the filing requirement. They wanted to know which and how ...

Question the price elasticity of toy cars that you sell is

Question: The price elasticity of toy cars that you sell is -4.00; you currently charge a price of $5.00 and marginal cost of toy cars is $3.00. a. Calculate the marginal revenue from the given information and decide whe ...

Question farm laborers in the united states are sometimes

Question: Farm laborers in the United States are sometimes paid by piecework, for example, a fixed amount for each basket of fruit that they pick from an orchard. Looking at the shirt assembly example, explain the simila ...

Question what is the maximum amount you would be willing to

Question: What is the maximum amount you would be willing to lend someone if they promise to give you $1000 per month for 52 months and your MARR is 12%? The response must be typed, single spaced, must be in times new ro ...

Question in 1998 japanese real gdp fell 2frac12 in spite of

Question: In 1998, Japanese real GDP fell 2½% in spite of a sharp decline in interest rates and massive increases in government spending. In terms of the IS/LM diagram, what factors must have shifted to offset the moneta ...

Question you are a leading business executive for the

Question: You are a leading business executive for the following type of company: (A) Pharmaceutical manufacturer, (B) Airline, (C) Computer disc drives, (D) Mortgage broker, (E) Management consultant, (F) Department sto ...

Question shopping for prices is a common form of

Question: Shopping for prices is a common form of information gathering. Researchers have found that for a given good the prices paid by middle-aged, upper-income, and large households average as much as 10 percent less ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved