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Question: The management of a private hospital is considering the installation of an automatic telephone switchboard, which would replace a manual switchboard and eliminate the attendant operator's position. The class of service provided by the new equipment is estimated to be at least equal to the present method of operation. To provide telephone service, five operators currently work three shifts per day, 365 days per year. Each operator earns $25,000 per year. Company-paid benefits and overhead are 25% of wages. Money costs 8% after income taxes. Combined federal and state income taxes are 40%. Annual property taxes and maintenance are 21 /2 and 4% of investment, respectively. Depreciation is 15-year straight line. Disregarding inflation, how large an investment in the new equipment can be economically justified by savings obtained by eliminating the present equipment and labor costs? The existing equipment has zero salvage value.
How much the definition of Pareto optimality accomodate that and How do the policy issues compare here to the above?
discuss the problems associated with using the unemployment rate as a gauge of labor market conditions. in your answer
1. Explain the difference between perfect and monopolistic competition in the long run. 2. List 3 types of entry barriers. 3. Explain the kinked demand model of oligopoly.
Mr. Vincent, the Manager of a large supermarket, was taking a management course in the evening programme at the local college.
Assuming that overall taxes are cut by 10 percent across the board. What's likely to happen to equilibrium output and prices How will the tax cut affect government revenues in the new equilibrium
Discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today? Explain.
If countries can benefit with increasing their consumption possibilities through trade, why do so many countries place restrictions on trade?
Answer the following concerning highway pricing and traffic volume in the long run. Draw the ATC curve for a 4 lane road and explain why it is U shaped in terms of the road cost effect and the trip cost effect.
Evaluate the fundamental reasons why price and utilization economic factors in the healthcare setting influence competitive market status in regard to supply and demand for health care services.
Define the terms listed below. You should write a paragraph explaining each concept as if you were writing for your 15-year-old sibling (or a high school textbook).
Compute the equivalent annual worth of each project at i=10%, and determine the acceptability of each project. What is the required equal payment to retire the loan in nine years?
Carla will be renting a car to visit job sites in the Pacific Northwest over a 2-week period. The car can be rented for $198 per week with 100 miles per day.
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