Illustrate what is the net current value of a project that requires a $100 investment today and returns $50 at the end of the first year and $80 at the end of the second year? Assume a discount rate of 10%.

In the spring and summer of 1993, Chronic Wasting Disease wiped out 25% of the elk herd in Wyoming, and the number of state hunting licenses issued was reduced accordingly. In order to compensate for the decrease in license issuances, Wyoming dramatically increased the price. Unfortunately, this strategy proved unsuccessful as the state reported a 50% decrease in total elk license revenues for '93. Which of the following most accurately describes this economic situation?

Suppose a new manufacturing technology results in an expansion in the supply of golf balls in the United States of 15%. If the elasticity of demand of golf balls sold in the U.S. is -0.4, the new equilibrium price will be company currently sells 60,000 units a month at $10 per unit. The variable cost per unit is $6. The company decided to raise the price about 10%. How much change in the number of units sold can the company afford and still be no worse off?

The U.S. Government bought 112,000 acres of land in southeastern Colorado in 1968 for $17,500,000. The cost of using this land today exclusively for the reintroduction of the black-tailed prairie dog.