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National Motors must build a bridge to access land for its manufacturing plant expansion. If made of normal steel, the bridge would initially cost $30,000, and it should last 15 years. Maintenance (cleaning and painting) will cost $1000 per year. If more corrosion-resistant steel were used, the annual maintenance cost would be only $100 per year (with the same life). If the firm's cost of money is 12%, what is the maximum amount that should be spent on the corrosion-resistant bridge?
Graph and label the Lorenz curve for a country in which 1/4 of the population earns 3/4 of the income, 1/2 of the population earns 1/10 of the income, and 1/4 of the population earns 3/20 of the income. Assume that every individual within each class ..
Assume that being sustitutes for one another, corn and soybean require the same raw material such as land, will farmers use their soybean farms to produce more or less corn and in econmic.
What are some contemporary technology issues? How do we learn to accept the social responsibilities of educated citizens in a global technological society?
Which of the following are valid arguments for tariff protection?
Illustrate what would happen to GDP if a significant number of house-spouses who were previously stay home to care for their children began taking jobs and placing their children in day care.
Using the optimization theory, analyze the following quotations : The optimal number of traffic deaths in the United States is zero. Any pollution is too much pollution. We cannot pull US troops out of Afghanistan. We have committed so much already.
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..
Suppose that the income of the average Canadian household increases because a larger percentage of women enter the labour force. What do you think will happen to demand for the following products or services? What does your answer imply about income ..
How technological changes influence diversity in leadership? How to improve diversity consciousness within the workplaceNote. Offer specific steps/strategies for improvement.
the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is $100,000 trucks, what is the breakeven price for the toy truck? Should you shut down?
Suppose the demand for apartment rentals in Los Angeles is Q = 1000 - P and the supply of apartment rentals is Q = 4P. What is the equilibrium price and quantity of apartment rentals in LA? Suppose the government imposes a price ceiling of $150. What..
Ethically, would human cloning cheapen the value of human lives? Would it allow "pre-selection" of the genes and attributes deemed valuable to continue?
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