A _________________________ is required when the location of comparable property is either superior or inferior to the location of subject property.
Fill in the blank(s) with the appropriate word(s).
Ans: location adjustment
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Suppose a factory can be designed to produce either trucks or cars. The figure above shows the marginal cost and marginal benefit of producing trucks in terms of the forgone cars
a. What is the marginal benefit of the 25th truck? b. What is the marginal cost of the 25th truck? c. Should the 25th truck be produced? Why or why not. d. What is the marginal benefit of the 75th truck? e. What is the marginal cost of the 75th truck? f. Should the 75th truck be produced? Why or why not? g. What is the allocatively efficient quantity of trucks?
In conducting monetary policy, how has the Federal Reserve enhanced its credibility?
A) by revealing the Fed's target for the federal funds rate B) by marketing and increased expenditure on advertising C) by not following through with changes it has announced D) by keeping the minutes of the open market committee meetings confidential
Regulators usually encourage natural monopolists to engage in
A) marginal cost pricing. B) average cost pricing. C) marginal cost pricing, with subsidies from the government offsetting the losses. D) inefficient pricing.
A solution to the budget-gaming problem is
a. Introduce milestones or kinks in the compensation scheme b. Use a straight line pay for performance function c. Base compensations on meeting particular budget goals d. All of the above