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Tough Ltd. produces different pieces of furniture. A set of electric drills used in the production of furniture wears out rapidly, after which the firm scraps them with no recovery value. Calculate the EAC Capital of a set of electric drills if the firm buys the set for $6500 and uses it for 6 years. Assume an annual interest rate of 9%.
assume that price is fixed at $37,000 and that Buzzer Auto needs 5 workers for every 1 automobile produced. If demand is DM and Buzzer wants to perfectly match its output and sales, how many cars will Buzzer produce
Consider a consumer named Ajax with a budget of $100 dollars. The consumer has to spend all of his/her budget on "Buddz" or "Drankz". Buddz have a price of $10+$B per gram and Drankz have a price of $10 per litre. What is the maximum amount of Bud..
What would happen to consumption, saving, and work if the government borrowed money to wage war and only paid the interest payments
Economists have estimated the subsiquent transportation elasticities.
Why is the short run Aggregate supply curve have a positive slope and the long run supply curve a vertical one?
Suppose that a market is initially in equilibrium. The initial demand curve is P = 90 - Qd.The initial supply curve is P = 2Qs. Suppose the government imposes a $3 tax on this market. What is the change in consumer surplus due to the tax?
Suppose a freeze in Florida wipes out 20% of the apple crop. How will this affect the equilibrium price and quantity of pear? Assume that the apple and pear are substitute to each other.
During the course of the current year, banks hold $1 trillion in reserves. What is the total amount of interest the Fed pays banks during the year?
Discuss in details four traditional and continuing features of the Japanese economy and what should the Japanese government do about Abenomics?
What is the difference between an invention and an innovation? Explain why inventions may not become commercially viable.
Explain the purpose of rent control and the intended effect on consumers and suppliers of rental property. Does rent control achieve its purpose Using the Internet or the Virtual Library, give some detail regarding real-world experiments in rent cont..
Can policymakers exploit the Philips curve relationship by trading more inflation for less unemployment in the shortrun? In the long run?
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