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Find the present worth (present cost) of a simple maufracturing project where the initial investment is $413,000 and the cost of operation is $32,300 per year, inceasing by $4,000 per year (arithmetic gradient) beginning at the end of the third year ($4,000 at time 3, $8,000 at time 4, etc.) The life is 7 years and the interest rate is 15%. There is no salvage value.
The office-cleaning market is perfectly competitive. Consider a typical off-cleaning firm that currently faces $24 in fixed costs and an $8 hourly wage for workers. The price the firm gets for each office cleaned is $56 at the present market price.
In a given day, once you subtract 8 hours for sleep, you effectively have 16 hours from which you can choose to work or enjoy leisure (that is to say, sleep doesn't count as leisure). You have a job that pays $20/hour and that is your only source ..
Pete borrows $10,000 to purchase a used car. He must repay the load in 48 equal end-of-period monthly payments. Interest is calculated at 1.25% per month. Determine the the amount of the monthly payment.
the figures below indicate the number of mergers that took place in the savings and loan industry over a 12-year
What is the cost of producing q output in the short-run? d. What is the marginal cost of producing a 301s unit? A 401st unit? If you are comfortable doing so, you may answer this question by writing down the marginal cost function directly, rather..
How much money was deposited each year for 10 years if the account is now worth $500,000 and the last deposit was made 8 years ago Assume the account earned interest at 8% per year.
You are the manager of a company that vaccinates human beings for biological diseases. Your company uses two inputs to produce vaccinations: physicians and laboratories. However, this is a short-run analysis where physicians are variable but labor..
Kristina knows that deadweight loss is something that this small town can do without. She suggests that each household be required to pay a fixed amount just to receive any electricity at all, and then a per-unit charge for electricity.
Assume ZCorp has the following short run production function: Q = 500X - 2X2 where X is the only variable input used by ZCorp to product its product, Q. Because ZCorp sells its product in a perfectly competitive market, it can sell all the Q it produ..
If the demand curve for wheat in the United States is P = 12.4 - \(Q{p}\) where P is the farm price of wheat (in dollars per bushel) and is the quantity of wheat demanded (in billions of bushels), and the supply curve fo wheat in the United States..
Consider an economy with just one technique available for the production of each good, food and cloth: Good Food Cloth labor per unit output 1 1 a. supposing land is unlimited but labor equals 100, write and sketch the production possibility frontier..
a. Calculate the marginal revenue product at each level of labor input if output sells for $4 per unit. b. If the wage rate is $15 per hour, how much labor will be hired c. What is the firm's total revenue and total amount paid for labor at the level..
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