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Solar Panel Installation
A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500 kw, have a life expectancy of 20 years and suppose the discount rate is 10%.
a. If electricity can be purchased for costs of $0.10 per kwh, how many hours per year will the solar panels have to operate to make this project break even?
b. If efficient systems operate for 2,400 hours per year, would the project break even?
c. The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university)?
Consider a monopoly-versus-competition comparison in which market demand is Q = 1,000 - .5P. Assume that production costs differ across structures
According to the Bureau of Labor Statistics, the average annual wage for actors in the New York area is $35 an hour.
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For promotion to lieutenant, police officers in a city police department first have to pass a written aptitude test. This requirement was challenged in court by several black officers on the grounds that the test unfairly discriminated against blacks..
Evaluate the following statements: "A warmer than usual winter produced an abundance of oranges in Florida. This is an increase in supply which will reduce prices. The reduced prices will lead to an increase in demand which will push prices back up. ..
Algebraically, determine what price Katrina's Candies should charge in order for the company to maximize profit in the short run. Determine the quantity that would be produced at this price and the maximum profit possible.
Suppose there is a flood in St. Louis, Missouri, that destroys several beer bottling facilities. Which of the following would not be a direct result of this event?
Suppose the market price of corn is $1.50 per bushel. Would a farmer sell corn to the market or the government (CCC)? How much of a countercyclical payment per bushel would the farmer receive?
During the year, Belyk Paving Co. had sales of $2,381,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,444,000, $436,900, and $491,900, respectively. What is the company’s net income? What is it's operati..
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When he was born, Bob was given a $10,000 30 year bond by his uncle. Ben, Bob’s brother wants to buy the bond for $6,000. Bob is currently 25 years old. US Treasuries are currently paying 6.5%. According to the present value of money should Bob accep..
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