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The manager at Sherwin -Williams store has decided to purchase a new $30,000 paint-mixing with hi-tech instrumentation for matching color and other components. The machine may be paid for in one of two ways:
(1) pay the full price now, less a 3 percent discount, or
(2) pay $5,000 now, $8,000 one year from now, and $6,000 at the end of each of the next 4 years. If interest is 12 percent compunded annually, determine the best way for the manager to make the purchase.
Are you in favor of either deficit spending on the part of government or one of a balanced federal budget and budget surpluses?
What are issues in choice of functional form and what would be an alternate functional form that avoids these issues?
Use a diagram to show consumer surplus price of 8.00and production of 6 million meals per day. If price remain at 8.00but production were cut to 3 million meals per day.
MICROECONOMICS
Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party.
An increase in the excise tax on alcohol? a)will have no effect on alcohol consumption b)will generate minimal tax revenues for the federal government c)couped with a uniform drinking age nationwide would save lives
"Oligopolies have a negative impact on income distribution." Do you agree or disagree? Provide justification for our response.
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the "price gouging" and "windfall" profits of the major oil companies. In the 1970s Congress imposed an "excess profits tax" on these co..
Consider an economy that abides by the classical mode. The production function is unspecified, but we know that the Theory of Distribution (ToD)[W/P=MPN] holds. Suppose there is adrop in the level of capital.
If a representative firm with total cost given by TC = 20 + 20q + 5q2 operates in a competitive industry where the short-run market demand and supply curves are given by QD = 1,400 - 40P and QS = -400 + 20P, the number of firms operating in the sh..
On Valentines Day, the prices of flowers and chocolate are usually high compared to other times. How do the principles of demand and supply describe the reasoning behind such price increases?
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