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Considering a machine which will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its expected saving from annual operating and maintenance costs are estimated to be $60,000.To expect a 15% rate of return on investment. What would be the maximum amount that you are willing to pay for the machine?
A consumer has preferences between two goods, hamburgers (measured by H) and milkshakes (measured by M). His preferences over the two goods are represented by the utility function U = √H + √M. For this utility function MUH = 1/(2√H) and MUM = 1/(2√M)..
Illustrate what are the limitation of the equilibrium level of national income determined in Keynesian cross model.
What are data in table saying. What is an implication of pattern shown. What are data in table saying. What is an explanation for pattern shown.
The dropout rate of minority also international students at U.S. colleges also universities are higher than it is for white American students.
q1. some restaurants offer all you can eat meals. how is this practice related to diminishing marginal utility? what
Suppose the Quick Towing Company purchases a new tow truck. The old truck had a book value of $1,000 and was sold for $1,420. If Quick Towing is in the 34 percent marginal tax bracket, what is the tax liability on the sale of the truck? What is the a..
According to studies undertaken by the Department of Agriculture, the price elasticity of demand for cigarettes is approximately -0.3 and the income elasticity is approximately 0.5. What effect would a 10% increase in the price of cigarettes due to i..
Draw your budget constraint assuming that you pay no taxes (and receive no subsidies) on your income. On the same diagram, draw another budget constraint assuming that you receive a 20 percent subsidy (that is, for every dollar you receive in labor m..
Elucidate how each of the following would affect the demand schedule you derived.
q. think about a firm recently that you have done business with. illustrate what industry does this firm belong to? for
what is the formula for that equation? Assume you have 5 uneven payments to make and you want to know what you will be paying at 10% per payment (year) on this uneven payment.
Illustrate can the oligopoly market structure make profit for both consumers and businesses by forging common standards in industries that experience rapid technological change.
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