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Question: A low-carbon-steel machine part, operating in a corrosive atmosphere, lasts 6 years, and costs $350 installed. If the part is treated for corrosion resistance, it will cost $500 installed. How long must the treated part last to be the preferred alternative, assuming 10% interest?
Greg bought 5 cans of tunafish at $1 each and 4 packages of pasta at $2 each. Hismarginal utility from tuna is 25 units of utility per can and his marginal utility from pasta is 60 units ofutility per package. Next week he'll have the same amount of ..
Suppose a firm has a labor demand curve given by w = 20 - 0.01E. Furthermore, suppose that the union representing workers in the firm derives utility.
Netflix has revolutionized the movie rental business by charging $7.99 a month for unlimited streaming movie service. On the other hand rental movie kiosks like Redbox are popping up by the thousands in supermarkets, drugstores, restaurants and..
A McCurdy Inc has issued a 10 year bonds with a face value of $500000 in $1000 units. Interest of 8% annually is paid monthly. If you as an investor desire to have a 12% nominal interest (compounded monthly) on $10,000 worth of bonds, what would t..
Apply the analytical skills and intuition obtained in your economics courses to examine an economic issue in which you have a special interest - Examine an economic issue in which you have a special interest;
MEDICAL TESTS One of the principles that arises from a decision-analysis approach to valuing information is that information is worthless if no possible.
These multiple choice questions belong to Economics and the first question is about the difference between monopoly and monopoly power. The second question is about marginal cost curve above the average variable cost curve.
Describe the type of market in which your selected product will compete, along with an analysis of competitors and customers.
Supply & Demand - Using a product or service at your company, or one that you are familiar with, describe the various factors that impact its level of supply and demand in the marketplace. Is this product more susceptible to supply elasticity or d..
Suppose that a student would go to 1 Blue Jays game if the price were $120, 2 Blue Jays games if the price were $80, 3 Blue Jays games if the price were $50.
With today's economy and all the presidential talks about how unemployment is at its lowest since president Obama took over in office.
What is the opportunity cost of wine in country A? What is the opportunity cost of wine in country B - Who has the comparative advantage in cloth? Who has the comparative advantage in cloth wine?
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