A new rail car costs $100,000 and is expected to last for twenty years, assuming that $20,000 is spent on a major overhaul at the end of year 10. Routine servicing and maintenance are expected to cost $2,000 per year. The car is expected to be used in revenue service for 300 days per year. What is the equivalent cost per-day-in-use over the twenty-year life of the car, assuming a discount rate of 6%, 8%, 10%

1. Location:  Discuss the impact and effectiveness outdoor advertising has on YOU
based whether the billboard is on the top of buildings on the side of buildings, buses, trains, and trucks or it is a large poster at bus stops, subway stations, and train platforms or above the seats on buses and trains or at sports stadiums and arenas.
Minimum 50 words.

2. Transit Advertising: Based on you experience discuss the effectiveness of bus and train advertisements.
Explain why you feel transit advertising is an effective or ineffective form of advertising.
Minimum 50 words.

3. Attention, Interest, Desire, Action (A.I.D.A.) :
Explain what it would take for a billboard to grab your attention. Once a billboard grabs your attention what will it take to get you interested?
In terms of your purchase decision process, what would result in you purchasing the product or service advertised on the billboard. Minimum 100 words.

Show that buying and selling price are always equal, for a decision maker who has a linear utility function.

Use the model of complex integration strategies to analyze how might the passage of the NAFTA agreement between the U.S. and Mexico might have resulted in more multinational production from Japan in both countries.

Cross Border Mergers and Acquisitions: Consider a world with two countries H and F. There are MH firms in H and MF firms in F. The distribution of productivity across firms is described by the function G(??). There is a fixed cost f of opening a new plant and trade cost is given by ??>1. Brands are viewed as of equal quality in consumers minds. Finally, let VF be the price of a “used” plant on the merger market in country F.

What is price elasticity of demand? What are the determinants of price elasticity of demand. How does the concept of elasticity help in decision making and price setting. Provide examples to substantiate your responses and also cite the source of your information.

1. Define Monetary Policy 2. Tell how the Fed was created 3. Draw the pyramid 4. Define all of the parts of the pyramid, tell # of members and term limits (if given) for each.

Explain how consumer behavior can be used to affect marketing strategy?

Examine the cultural forces causing behavioral change in global and american society.

Why might CPI not accurately measure real changes in the cost of living? (Discuss
substitution bias, introduction of new goods, changes in quality). Would CPI
overestimate or underestimate cost of living because of the bias?

An economy has no government sector and no international trade. One year, desired investment spending equals $481 billion, consumption spending in this economy equals $623 billion, and total output equals $1,401 billion.

4.1 Is this economy in equilibrium? Explain why or why not.

4.2 What is the unplanned increase in inventories in this economy?

4.3 What is total investment in this economy?

Discussion: Patents & Copyrights

Article 8 of the US Consitution empowers Congress, in part, "To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries."

Some economists consider that patents & copyrights (what is called "intellectual property" or "intangible property") in their current form contribute to stifling innovation and to the unequal distribution of income by taking advantage of monopoly profits. Here is a short discussion of the benefits and costs of patents & copyrights. And here is a discussion of the effects of monopolies on income & wealth (Links to an external site.).

In several paragraphs, discuss whether in your view the patent & copyright system in the United States is perfect as it is, or if it should be modified, and in what way. Please justify your response with evidence from an academic-level outside source.

How does the U.S. economy compare with other market capitalist economies with respect to its degree of industrial concentration and the nature of its antitrust policies?

What are some political economic circumstances in the United States that could impede people from engaging in exercise as prevention for diabetes and cardiovascular disease?

Cultural differences in societies and groups always find their way in to every aspect of civilization, including where we work. You are a very diverse group here and I want you to discuss the following:

Does your organization do an adequate job of embracing diversity within its workforce? Have you ever felt like an outsider or have you ever noticed others being treated as outsiders? Do you feel you do a good job of ingratiating yourself to other cultures, or is this a work in progress?

We understand that transport is derived demand, based on this, justify (with real world examples) why transport economists need to be aware of what is happening in other academic disciplines.

Currently in Zambia, private operators are allowed to provide certain modes of transport. However, some may argue that government should be the only provider of certain modes of transport. Based on this, highlighting both the benefits and the disadvantages of having government being the sole provider of the various mode of transport. Use Zambian examples to justify your answers.