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The Johnson Company bought a truck costing $29,000 two and a half years ago. The truck's estimated life was four years at the time of purchase. It was accounted for by using straight line depreciation with zero salvage value. The truck was sold yesterday for $19,000. What taxable gain must be reported on the sale of the truck?
How did Samsung’s unveiling of the galaxy S5 affect the demand for the S4? What determinant(s) of demand changed? How did Wal-Mart’s price cut compensate?
Suppose the demand for eggs is: Q=9,000-3,000P and the supply of eggs is: Q=-500+2,000P, where quantity is measured in millions (of eggs). Find the market-clearing price and quantity for eggs. Now suppose the cost of producing eggs increases such tha..
You deposit $3,000 in a savings account that earns 8% simple interest per year. How many years will it take to double your balance? If, instead, you deposit the $3,000 in another savings account that earns 7% interest compounded yearly, how many year..
Explain the events below using supply and demand. At a restaurant that does not take reservations, people arriving at 7:30 normally have to wait for an hour, but some people arriving at that time give money to the hostess and are promptly seated.
Elucidate how consumers in an economy can be better ff if the marginal rate of transformation does not equal consumer's marginal rate of consumption.
Write an algorithm that adds up a sequence of twenty numbers and outputs the sum of the numbers as well as the average of the numbers.
When quantity moves proportionately to the same amount as price, demand is:
Explain how the Internet and the Web make e-commerce possible. Briefly discuss at least six features or services that support e-commerce. What are Web transaction logs, and how do they work in combination with registration forms.
In the Republic of? Ragu, the currency is the rag. During? 2009, the Treasury of Ragu sold bonds to finance the Ragu budget deficit. In? all, the Treasury sold? 50,000 10-year bonds with a face value of 100 rags each.
In what market type would you most prefer to manage a business? Explain why. What skills do you have that would allow you to be especially successful in this market type?
Use axiom of transitivity to prove that indifference curves cannot touch each other. Use axiom of non-satiation to prove that indifference curves will always be downward sloping and utility functions will always be upward sloping. Use the axiom of di..
Rumors and discussions lead me to believe that the fed will increase interest rates early this fall. I've also heard and read that we NEED to increase our rates now to be prepared for the next economic down-turn. What does this all mean? How will thi..
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