User Account

All Pages

Determine the selling price of the car after five years

Assignment Help Microeconomics
Reference no: EM13877029

The resale value, RV , of a car is a function of age of the car, t. Assume the resale value is expressed as RVt = Pe-0.12t + 0.3

where P is the original price paid for the car. If P = 35000, determine the selling price of the car after 5 years. What is the rate of depreciation of the car after 7 years?

Reference no: EM13877029

Questions Cloud

What is the model''s estimate of computer services cost : If actual computer services costs for 2012 and 2013 are $44,700 and $46,800 respectively, what is the average of the percentage forecasting errors of the model.
Calculate pce for plant under existing manufacturing layout : Define the term processing cycle efficiency (PCE). Given the estimated data below, calculate the PCE for your plant under the existing manufacturing layout and after the proposed implementation of JIT.
Paper - saltwater invasion in georgia : Prepare a 600 word paper in which you discuss the issue and potential solutions. Topic- saltwater invasion In Georgia (300 word each) no plagerism. Geologic principles involved in the issue
What does it say about him that he let his wife : If Macbeth was a loyal and trustworthy person, what does it say about him that he let his wife and emotions lead him to tyranny? What does that say about society
Determine the selling price of the car after five years : where P is the original price paid for the car. If P = 35000, determine the selling price of the car after 5 years. What is the rate of depreciation of the car after 7 years?
Characteristic, of any poetry or story really relays : However the main characteristic, of any poetry or story really relays on the reader, the way they feel and mostly the way they interpret the message of either. In "Rider to the Sea" is much more of a drama scene, serious, sour and very dramatic
What percentage of the pins will be acceptable to custom : What percentage of the pins will be acceptable to the customer? In order to improve percentage accepted, the production manager and the engineers discussadjusting the population mean and standard deviation of the length of the pins.
Why does soliloquy allow you to get to know maurya better : Why does soliloquy allow you to get to know Maurya better? Tell me more about "Riders to the Sea". How does this drama illustrate characteristics of the genre? What makes it special
What is the estimated value of rev0 : CFO of a company claims that their annual revenue, Rev, (in $1,000) over time grows according to the following model: Revt = Rev0 (1 + g)t, She used the revenue data from the last 10 years and estimated the model as ln Rˆevt = 5.521 + 0.03t- Deter..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd