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Christopher wants to add a solar photovoltaic system to his home. He plans to install a 2-kW system and has received a quote from an installer who will install this unit for $19,750. The federal government will give him a tax credit of 30% of the cost, and the state will give a 10% tax credit. State law requires the utility company to buy back all excess power generated by the system. Christopher's annual power bill is estimated to be $2000, and this will be eliminated by the solar system. Christopher expects to receive a check from the power company for $600 each year for his excess production. If the tax credits are received at EOY 1 and Christopher receives a $2000 savings plus a $600 income at the end of each year, use present worth to determine if the system pays for itself in 8 years? Assume that Christopher earns 3% on all investments. Contributed by Paul R. McCright, University of South Florida
The price elasticity of demand for health care is .2. This means that a 10 percent increase in price will produce a: A. 20 percent decrease in quantity demanded B. 10 percent decrease in quantity demanded C. 2 percent decrease in quantity demanded D...
What accounts for the geographic dispersion of the Federal Reserve district banks? Shouldn’t the president be allowed to appoint a new Fed chairman at the start of his administration?
Potential buyers within a segment should be:
With QEs being conducted by European and Asian central banks, explain what effect a U.S. policy of increasing interest rates will have on prices of U.S. stocks and Treasury bonds and the dollar exchange rate with Euro, yen and yuan?
Some would argue that the effects of international trade is to take jobs away from domestic workers.
Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from the chapter in this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer. In the first cas..
Fannie Mae performed the useful function of increasing the liquidity of the secondary market of mortgage loans. Putting different mortgage loans in a pool for selling is always bad for the economy. The asset in an asset backed security is often a fix..
Aquilonia has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing incense, exporting steel, and neither importing nor exporting rugs.
You have been tasked with recommending a software package to encrypt data on devices owned by ACME Corp.
Consumers regard Dell computers and Gateway computers as substitutes. If the price of a Dell computer decreases
Suppose instead that the station seeks to maximize its profit from sales of the DVDs. What price should it charge. How many DVDs should it order from which supplier.
If the united states had negative net exports last year then it
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