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Question: The brass pump would cost $5000 installed. Instead, George could use a stainless-steel pump that has been sitting in the maintenance shop for a year. The pump should last 3 more years. The pump cost $15,000, but it was used for 2 years before being put on the shelf. The accountants say the pump is worth $6000. The maintenance supervisor says that it will cost an extra $500 to reconfigure the pump for the new use and that he could sell it used (as is) for $3000. How much would George save or spend by using the stainless-steel pump?
In 2002, the Ninth Circuit court agreed that the punitive damages were too high given a US Supreme Court decision that punitive damages should be commensurate with the actual damages.
Suppose a monopolist operated in an industry where the market demand is perfectly elastic (with inverse demand given by P = 30 and its cost function is T C = 100 + Q + Q^2 . calculate profit maximising P and Q. Would this be any different if the ind..
A pharmaceutical firm has a monopoly on a new class of vasodilator. The market demand is given by P=240-0.01*Q, and thus MR=240-0.02*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
Moisture content in percent by volume (x ) and con- ductivity in mS/m (y) were measured for 50 soil specimens. The means and standard deviations were x = 8.1, sx = 1.2, y = 30.4, sy = 1.9. The correlation between conductivity and moisture was comp..
In his 1964 presidential campaign, Barry Goldwater argued that a reduction in both government spending and taxes would boost economic growth.
A) spending on infrastructure would not increase production in the economy. B)there is a conflict between where spending on infrastructure would benefit employment and where infrastructure is most needed.
answer the next questions parts a and b on the basis of the following cost data for a firm operating in pure
Why would firms accept their competitors’ coupons? Under what circumstances would a merchant prefer to use competitors’ coupons? Under what circumstances would they prefer to distribute their own coupons? (In answering these questions, use a price di..
Draw the cash flow diagram for this problem. Calculate the Present Worth (PW) at 10% interest. Calculate the Future Worth (FW) at 10% interest.
Assume that the bank holds no excess reserves and that the required reserve ratio equals 10% of deposits. If a customer deposits $5,000, what would be the total increase in checking account balances throughout all banks? Explain the process by whi..
discuss the following situation a from the strictly legal viewpoint b from a moral and ethical viewpoint and c from the
What is the relationship between business operations and CSR at BP - Does the organization consider CSR as obligatory or do they seek opportunities for CSR? In other words, is the organization reactive or proactive?
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