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Nowadays it is very important to reduce one's carbon "footprint" (how much carbon we produce in our daily lifestyles). Minimizing the use of fossil fuels and instead resorting to renewable sources of energy (e.g., solar energy) are vital to a "sustainable" lifestyle and a lower carbon footprint. Let's consider solar panels that prewarm the water fed to a conventional home water heater. The solar panels have an installed cost of $2,820, and they reduce the homeowner's energy bill by $32 per month. The residual value of the solar panels is negligible at the end of their 8-year life. What is the annual effective IRR of this investment?
California is a large producer of strawberries. Oh No! There is a killer frost that kills half of the crop! (A)How has this affected supply or demand of strawberries? (B)What has happened to the price of strawberries? Please justify your answer by gr..
Identify a company in your local or generalized area that you would classify as a monopoly - Explain the key reasons why you classified the company as a monopoly.
The component of Planned AE (the quantity demanded of GDP) MOST sensitive to a change in interest rates is....
Elucidate why Chrysler's decision might have been prompted by movements in its wage costs or capital costs, or both. Why would Chrysler have instituted this production change for its most popular.
Suppose the current money supply is $10,000. The required reserve ratio is 0.5. The Fed wants to increase the money supply by $1,000.
A local dentist read an article published by the American Dental Association estimating that the elasticity of demand for the representative dentist's services is -2.5. How much should the dentist mark up her price over marginal cost?
What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes? 4. Does GDP measure the well-being of society? Why or why not? 5. What was GDP in 2008 (sometimes called GSP) ..
The estimate of the natural rate of unemployment shows an increasing trend during the 1970s and the early 1980s, and a declining trend in the 1990s. One of the explanations of this change in the natural rate of unemployment is based on the demographi..
GDP is designed to measure what is produced or created over the current time period? Why Existing assets or property that sold or transferred, including used items, are not counted? Discuss and explain why the following purely financial transactions ..
Think about a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc.). Explain how the law of demand affected your purchase. Give specific examples of how the determinants of dema..
The owner's of a small manufacturing concern have hired a manager to run the company with the expectation that he will buy the company after 5 years. Compensation of the new vice president is a flat salary pluss 75% of the first $150,000 profit, then..
If Cameron is a risk neutral inventor, which option will be selected? d. How would your answer change if Cameron is a risk adverse investor?
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