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The Afar Jewel Mining Company has just purchased a new crystal extraction machine that cost $5000 and has an estimated salvage value of $1000 at the end of its 8-year useful life. Compute the depreciation schedule using the following methods:
(a) Straight-line.
(b) Double-declining balance.
(c) SOYD. (d) MACRS (ADR = 8 years).
The production function is given by f(x)=4x^1/2. If the price of a commodity produced is $60 per unit and the cost of the input is $20 per unit, how much profit will the firm make if it maximizes profit?
How did the United States transform economically between the War of 1812 and the Civil War?
Compare and contrast the effects of a quota and a tariff on imports. Be sure to include both short-run and long-run effects in your answer. Differentiate between the current account balance and the capital account balance.
The Los Angeles retail market for unleaded gasoline is fiercely price competitive. Calculate the average total cost curve for a typical gasoline retailer, and verify that average total costs are less than price at the optimal activity level.
In 2005, Clear Channel (an owner of popular radio stations) spun off concert promoter Live Nation into an independent company. How would this affect prices for concert tickets or rates for radio programming?
In March 2010, Greece announced that it might have trouble in the future paying off the bonds it had sold to finance its huge government deficits. Use a demand and supply graph for the Greek bond market to illustrate why the interest rate on Greek go..
David consumes two things: gasoline (x) and bread (y), david's utility function is U(X,Y)=10X^0.25Y^0.75 A. derive david's demand curve for gasoline
Assume that Crusoe's and Friday's utility functions are described in Problem 1. Assume now, though, that initially Crusoe has six oranges and Friday two. Assume that for every two oranges taken away from Crusoe, Friday gets only one, an orange being ..
The term________ refers to a market exchange that affects a third party who is outside or external to the exchange. Which of the following is used to describe the full spectrum of animal and plant genetic material? Property rights are the legal right..
Demand graph to assist in explaining the increase in the price of chain saws after Hurricane Andrew. The mayo clinic in Minnesota is known for top-quality medical care.
compare and contrast the political and economic differences of at least two countries (for example India and the United States); and 4) discuss what managers can do to successful work with the opportunities and challenges present in this global ..
Draw a production possibilities curve between health and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient health system. Insert two additional points that illustrate two efficient economies, but two that ..
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