In the Kansas City, MO-KS Metropolitan Area two important firms are in trouble: 1) a large agricultural firm that produces $100 million worth of products every year and employs 2000 workers and 2) a large hotel that produces $50 million of yearly sales and employs 3000 workers. The local government has funds to subsidize and prevent the closing of only one firm. Please,explai where you assess what are the effects of closing down these firms and give a policy recommendation to the major. (Note that you will need to use the table on page 55 in the Regional Multiplier )
In the Kansas City, MO-KS Metropolitan Area two important firms are in trouble: 1) a large agricultural firm that produces $100 million worth of products every year and employs 2000 workers and 2) a large hotel that produces $50 million of yearly sales and employs 3000 workers. The local government has funds to subsidize and prevent the closing of only one firm. Please,explai where you assess what are the effects of closing down these firms and give a policy recommendation to the major. (Note that you will need to use the table on page 55 in the Regional Multiplier )
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2) In the Kansas City, MO-KS Metropolitan Area two important firms are in trouble: 1) a large agricultural firm that produces $100 million worth of products every year and employs 2000 workers and 2) a large hotel that produces $50 million of yearly sales and employs 3000 workers. The local government has funds to subsidize and prevent the closing of only one firm. Please,explai where you assess what are the effects of closing down these firms and give a policy recommendation to the major. (Note that you will need to use the table on page 55 in the Regional Multiplier )
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