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"A continuous electric current of 2,000 amps is to be transmitted from a generator to a transformer located 230 feet away. A copper conductor can be installed for $5.2 per pound, will have an estimated life of 22 years, and can be salvaged for $1 per pound. Power loss from the conductor will be inversely proportional to the cross-sectional area of the conductor. The power loss in one hour may be expressed as 6.76/A kilowatt, where A is the cross-sectional area of the conductor in square inches. The cost of energy is $0.0781 per kilowatt-hour, the interest rate is 9.8%, and the density of copper is 555 pounds per cubic foot. Calculate the optimum cross-sectional area of the conductor. You should assume the conductor operates 24 hours a day, 365 days per year."
The market for 4WD cars has been described by the following supply and demand functions: How much is the government revenue from the tax on suppliers? A per-unit tax of $4,000.00 per car is imposed by the government on the firms that sell 4WD cars. D..
A firm expects to earn $14,000 a year on $112,000 investment. Calculate the expected profit rate. Show work. This firm would be willing to make this investment provided the interest rate is lower than what?
An airline estimates that the price elasticity of demand for business travelers (who travel on weekdays) is - 2, while the price elasticity of demand for vacation travelers (who travel on weekends) is - 5. If the airline price discriminates (and cost..
q. transfers to the rest of the world 20loans to the rest of the world 60loans from the rest of the world?increases in
You decide to open a retirement account at your local bank that pays 8%/year/month (8% per year compounded monthly). For the next 20 years you will deposit $400 per month into the account, with all deposits and withdrawals occurring at the end of the..
Dan and Carla met as employees at a candy company and later married. Carla went on to study accounting and Dan earned a business degree. After working for various businesses and raising $10,000 to open their own business one day, What are the pros an..
Assume you consider participating in a sealed-bid second price auction for a vintage car in which the winner of the auction (the bidder who submits the highest bid) only has to pay the second highest bid that was submitted.
Some firms prosper by expanding during recessions what are the risks that they take are there circumstances in particular industries under which a more cautious approach might be advisable
Mary is a lawyer in Claremore that obtained her degree as a lawyer at the top of her class at the University of Tulsa. She worked as an administrative assistant at a law firm in Tulsa to finance her law degree. Now she is the best lawyer and best adm..
a. Draw your budget constraint. Label the y- and x- intercepts. (Put food on x-axis.) b. At what point does your budget constraint "kink"? What is the slope of the budget constraint to the left and right of the kink point? c. Draw an indifference ..
Illustrate what is the industry's profit maximizing output level. Is the organization in long-run equilibrium.
If price lowered from $10 to $8 and quantity demanded rose from 50 to 51, calculate elasticity; state whether demand is elastic, unit elastic or inelastic and find out how much total revenue was when the price was $10 and $8.
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