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An engineering student requires to replace the battery in her car so that she can drive home for a vacation after Spring Semester. She has located following possibilities:
Battery Warranty Battery Cost
2 years $25
3 years $35
5 years $55
Assume the warranty period represents the life of the battery and that any money not spent on the battery will be left in her bank account which is currently drawing 3.5% interest.
Questions:1. The equivalent annual cost of the 2 year battery is:(Express your answer to the nearest 1/10 dollar: XX.X0)
2. The equivalent annual cost of the 3 year battery is:(Express your answer to the nearest 1/10 dollar: XX.X0)
3. Which battery should she buy?2 Year3 Year5 Year
QuadPlex movie is the only movie theater in Idaho Falls. The nearest rival cenima theater.
Describe the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
Your corporation sells its product online and in stores. Your marginal cost $30 is the same in both markets. The demand and marginal revenue curves in two markets are different however.
Illustrate what kinds of changes in underlying conditions can cause the supply and demand curves to shift
Illustrate what options do Americans have in protecting their Social Security and dealing with these issues? How are these done on the microeconomic level.
Illustrtae what is the profit-maximizing level of price and quantity for this monopolist.
Price Discrimination: Assume that United Airlines knows that it faces the following demand equations and corresponding marginal revenue equations for its (one-way) SFO to Las Vegas route
Depends on your discussion, what is the most critical element(determinant) when considering the determinants of supply. In other words, what determinant has the greatest influence on the economy.
Carlton Corporation, a manufacturer of electronic equipment, determine the following relation between its marginal cost of production output:
Describe the total cash flows in real terms and the depreciation tax shield. What is it that has you concerned.
Explain what happens to the nation's aggregate supply curve, the short-run equilibrium level of output, and the price level if:
Suppose we have a competitive market for a good with domestic demand and supply given by:
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