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The purchase price of a natural? gas-fired commercial boiler? (capacity X) was $175,000 eight years ago. Another boiler of the same basic? design, except with capacity 1.46?X, is currently being considered for purchase. If it is? purchased, some optional features presently costing $30,000 would be added for your application. If the cost index was 162 for this type of equipment when the capacity X boiler was purchased and is 225 now, and the applicable cost capacity factor is 0.8, what is your estimate of the purchase price for the new?boiler?
Two Cigar makers are trying to determine whether or not to advertize their products on TV, and the effect on their profits. The Govt. is likely to ban Advt. related to Smoking on TV, and would charge a Penalty Surcharge Tax of $30m for any smoking ad..
The first millennium development goal is to eradicate extreme hunger and poverty. What is the current poverty level in the South Korea ? What percent live below the national poverty line?
explain the difference among moving along a curve and shifting the curve. Assume a market is in equilibrium and the demand curve shift to the right, describe the market adjustment process in restoring equilibrium.
In an industry there are two firms with the following cost functions: c1(q1) = 2 (q1)2, and c2(q2) = (q2 )2, where q1 and q2 denote the production level of every firm. The market demand is: p= a–Q,where a is a positive parameter, and Q=q1 +q2. 1.1 Fi..
Using the method of Lagrange multipliers to derive Sharifah's demand for brownies and espressos. Explain how many brownies and espressos will Sharifah consume.
Suppose that the demand function for bagels is expressed as the following: Are bagels and tortillas substitutes or complements? the (own-) price elasticity of demand for bagels?
q.find true or false or uncertain and explain why?1. tfu suppose that at an initial cost of 1000 a homeowner can
Suppose you have a demand function given by: Q = 360 ? 2P. What is the price elasticity of demand when the price is P = $20? You will have to use the point elasticity formula.
“A subsidy may provide import-competing producers the same degree of protection as tariffs or quotas but at a lower cost in terms of national welfare.” Discuss – in what sense is this statement correct? In what sense might it not be correct?
After set up there is a marginal cost of $ 4 for each CD. Set up the total, average and marginal revenue functions for GDM. Write out the company TM s total average and marginal cost functions.
Consider a group of 10 friends who are considering going on a road trip. In determining whether or not to go, each friend considers both how much they would enjoy the trip and how much it will cost them. The cost of the trip will be $500 total, and w..
Does the production process of the business generate any positive or negative externalities? If negative, has the government (or anyone else) put in place any measures to mitigate?
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