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A machine is to be depreciated by units-of-production method. It is purchased for $25,000 and is expected to produce 100,000 units, then be sold at 20% of the purchased cost. If up to the end of the third year, the machine will produce 60.000 units and during the fourth year to produce 10,000 units, find the HV at the end of the fourth year.
List three types of consumer protection laws in banking and give an example of each type. Fair Debt Collection Practices Act (1977). Federal Trade Commission Improvement Act (1980)
Lubbock County is planning to construct a bridge across the Rio de Lubbock to facilitate afternoon skiing in the El Dusto Ski Basin. The first cost for the bridge will be $6,500,000. Annual maintenance and repairs will cost $25,000 for each of the fi..
Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers..
Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. If these countries were open to trade, which country would export shirts? Which country would benefit from t..
During the past decade, India has invested about 22% of its GDP while China's investment rate has been double than that of India's, India's annual growth rate has been about 6 while that of China has been about 9%. Based on the Harrod-Domar Growth mo..
How much profit does an unregulated monopolist earn? How much profit would be earned if MC pricing were imposed?
A price elasticity of demand for Good X equal to -.85 implies. We also assume in macroeconomics that total expenditure is equal to total output Y=C+I+G. Given the following data, derive a formula that relates Y as a product of r (hint your result sho..
Suppose that we have a standard real intertemporal model with investment with two twists. First, the effect of the real interest rate r on current consumption C is assumed to be zero. Graphically derive the aggregate output demand curve Yd under thes..
Bretton Woods was the last time a significant portion of the globe participated in a gold-based exchange system. Some economists and politicians, (Ron Paul, for example), believe that some type of gold standard should be reinstituted today. Do you ag..
Ms. Smith, the owner and manager of the Clear Duplicating Service located near a major university, is contemplating keeping her shop open after 4 p.m. and until midnight. In order to do so, she would have to hire additional workers. If the price of e..
Assume the market for fruit from a local fruit stand has the supply and demand curves given below. Find equilibrium price and quantity in the market. Calculate consumer surplus at equilibrium. Calculate producer surplus at equilibrium.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
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