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You are going to buy a refrigerator. Brand A will cost $700 and cost $80 per year to perate. Brand B will cost $800 and cost $55 per year to operate. You want to earn 12% per year on your money. Neither will have any salvage value. How long will you need to keep your refrigerator to make brand B attractive? Please show a step by step solution.
A movie made by a motion picture company had a large amount of bad publicity during its production due to being over-budget, its length being too long, and an element of uncertain topic-content appeal. It’s opening weekend showed a solid but not spec..
When a monopoly firm is operating in a range of output where total revenue is increasing as output increases, then marginal revenue
Write a paragraph explaining each concept as if you were writing for your 15-year-old sibling - Fiscal Policy and the Multiplier Effect
At Dulles airport, only taxis and privately owned cars are allowed to use the highway between downtown and the airport. That taxi market is competitive. There is a special lane for taxis so they are always able to travel at 55mph. Suppose P,E and G c..
Mr. Smith has saved $1,800 each year for 20 years. A year after the saving period ended, Mr. Smith withdrew $7,500 each year for a period of 5 years. In the sixth and seventh years, he only withdrew $5,000 per year. In the eighth year, he decided to ..
In the case of perfectly inelastic demand,
This might be interpreted as an upward shift in the consumption function. Elucidate how does this shift affect investment and the interest rate.
What is the minimum price at which the firm would be willing to supply a positive amount of output in the short run? Label this on your graph.
Imagine you are an international monetary fund official going to a country whose export earnings are not able to pay for imports. The government has requested a loan from the IMF. In which areas would you recommend the government to cut: education, s..
q.there are two countries- home and foreign. suppose that the production of vacuum cleaners exhibits external economies
Suppose there are two countries Home and Foreign. They have two factors of production, labor and capital. Using production possibility frontier for both countries show that at the same ratio of relative consumption of aircraft to cloth (Da/Dc) in two..
q1. firms with costs c q2 36 face demand p 24 - nq and behave under the rules of monopolistic competition. compute
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