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Suppose that a particular industrial machine, when it is t years old, generates revenue at the rate R′(t)=7975−6t^2 dollars per year and that operating and servicing costs accumulate at the rate C′(t)=3400+20t^2 dollars per year.
How many years pass before the profitability of the machine begins to decline?
Compute the net profit generated by the machine over its useful lifetime.
Consider a simple one-period, closed economy model where the representative consumer has utility function u(C, l) and h available hours to divide between work and leisure. The representative firm has technology given by Y = zF(K, N^d ). Define a Comp..
Could the Board of Governors done anything different? Has the Fed's policies been counter cyclical? Present the views of whether or not monetary policy is working now?
q1. expectations and consumer confidence are important in determining fluctuations in aggregate spending. in your
After that illustrate what is that firm as marginal revenue as it increases output from 1700 units to 2300 units
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Medium household income in County C is $54,021. Medium household income in Country D is $28,739. In County C, 17.4 percent of residents smoke. In County D, 28.4 percent of residents smoke. What is the arc income elasticity of demand for tobacco use?
Plot the time series of each series_ Does each series appear to be stationary? Examine the ACF and PACF of the residuals from part (d). Do they appear to be stationary?
A tractor costs $19,195 and will be used for 5 years, at which time its estimated salvage value will be $4,000. Maintenance costs are estimated to be $100 for the first year, increasing by $100 each year thereafter. If i=12%, calculate the equivalent..
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A study was done of all homicide convictions in the State of Florida between 1976 and 1980 in order to examine if the application of the death sentence was racially biased. “Race of the suspect” is a lurking variable in this situation. “Race of the v..
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