Scenario 1 Suppose there are three residents in a neighborho…

Scenario 1 Suppose there are three residents in a neighborhood, Isabelle, Joe, and Kennedy. They are considering the allocation of a certain public good in the neighborhood. Isabelle’s demand for the public good is Q = 60 – 4P. Joe’s demand for the public good is Q = 30 – 2P. Kennedy’s demand for the public good is Q=15 – P.

Suppose the government has promised to pay $[p] billion doll…

Suppose the government has promised to pay $[p] billion dollars in benefits [y] years from now.  Assuming an interest rate of [i], what is the present discounted value (PDV) of the obligation? Answer in billions of dollars, rounded to two decimal places (i.e. enter 3.67 for $3.67 billion)

Please perform your mirror scan now.  Remember that if you d…

Please perform your mirror scan now.  Remember that if you do not have a handheld mirror and are using a laptop for your exam, you may walk it to a nearby mirror on a wall.   Note: If you have a removable webcam and already showed your entire computer, just say so.  You don’t have to do it again.  If not, please show it now.  Let’s also do a quick check to make sure you did everything required to show a secure testing environment. Put a check mark for each thing you completed. If you did not do one or more of these during the room scan, do it now and then put a check mark next to it.  Note: Not putting a check mark does not excuse you, this is more of a reminder and chance to get it right before you get a 0! Remember, failure to do ALL of the following will be considered scholastic dishonesty and subject to a 0 on the exam.