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Your Company fabricates concrete forms that include additional insulating material which saves ½ of cooling and heating expenses (the forms remain in place). However, using these new concrete forms adds 10% to the overall cost of the home. A typical 2,000 sq. ft. home using standard concrete forms costs $120 per square foot to construct and uses $300 per month average to heat and cool. Calculate the IRR on a home using your company's insulated concrete forms on a typical 2,000 sq. ft. home. The residual value in any case (with either concrete form system) in 20 years will be the same with or without the insulating material.
Is the economy of a big city more competitive than that in a small town or given neighborhood? How? Do you think your local grocer has monopoly power?
Illustrate what do each of the following seek if they pursue their own self interest: consumers, resource owners, and business firms.
Illustrate what will happen in the short run and long run to the world real GDP and the price level. Moreover, describe what policymakers could do after this has happened.
Explain who would the main beneficiaries be of tying Social Security
Suppose that Carl's budget is $20 and that apples cost $5 per unit and bananas cost $2 per unit. Draw our model of the optimal bundle with Apples on the horizontal axis. (You must show his indifference curves and his budget set.)
The government has set price ceiling on whatever the product is, so that there is a shortage. That industry complains to the government that the ceiling price is far below the equilibrium price.
Explain how much is spent on bus rides. What is consumer surplus in dollars at this equilibrium. How much is the total benefit in dollars from bus rides.
As a production manager who understands the academic argument for free trade working in an company threatened by cheaper imports, how do you react.
Illustrate what is the difference among real GDP and nominal GDP. Does GDP accurately reflect our nation's productivity.
Discuss the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace. What are the promary advantages and disadvantages of using this method to acquire inputs?
Chua Chang & Wu Inc. is considering its operations for next year, and the CEO wants you to forecast the company additional funds needed
An open economy has the following pattern of income and domestic expenditure: For each of the three years, evaluate the balance of trade facing the economy.
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