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A capitalist owns a machine that will last for two more years. The good the machine helps produce will yield revenue of $50.000 and $40,000 with costs of $35,000 and $39,000. It will have noscrap value. The capitalist has been offered $15,000 to sell the machine. If the capitalist's rate of time preference is 5 percent,will the capitalist sell the machine? Does the answer change if the capitalist's rate of time preference is 10 percent?
The shift to a market economy allowed people of China to live better lives, they could afford to eat more
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Would the consumer prefer to get $100 in food stamps or $100 in cash? You need to justify your answer t..
Given the following data: Et = ¥125 = $1.00; Et+1 = ¥100 = $1.00; US interest rate = 20%. If the interest parity condition is expected to hold, interest rates in Japan should approximately equal (percentage)
Describe what and how you manage communications, change and conflict which are critical skills to becoming indispensable in the workplace.
Was there a production gap when Kennedy assumed the presidency in January 1961? How large was it? Assume a GNP growth rate of 3.3% starting in 1955 and project forward using Excel document. What were the critical economic issues (and assumptions) of ..
If the government desires to shift the AD curve rightward by $3 billion, it must decrease the autonomous taxes by (note the tax is autonomous)
Cara has available h = 3000 hours per year for participating in the labor market and for leisure. She gets a wage w = $18 for the first 2,000 hours of work. If she works more than that, the wage on the additional hours is increased by 50%. She receiv..
What steps do I take to calculate, If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed
Discuss equations for and graph the variable cost, average variable cost, and marginal cost of cleaning classrooms.
Explain price ceiling with examples Pls provides definition in detail and diagram
You form a partnership with your friend Al Gossett, named, AG limited to operate an on-line business selling hair-care products. AG contracts with RevaInc, a company in Florida to make and package the products based on their secret formula. What is ..
Assume the market for used cars is set up as in the table below. There are two types of cars: lemons and peaches. Peaches are more reliable than lemons and thus have a higher value to both buyers and sellers. Sellers know the quality of their car, bu..
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