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Car's annual operating and maintenance (O&M) costs are given by the following schedule: year value 1 50 2 60 3 100 4 150 5 210 If MARR=10%, and it is known that the value of O&M costs in the first year is the base annuity, define the value of parameter G in the equivalent arithmetic gradient series.
What is comparative Advantage? What role does it play in international trade? Name and explain two sources of U.S. comparative advantage. What effect does currency depreciation / appreciation have on a appreciation have on a coconut export trade. Def..
The spending multiplier measures the effect of a change in government spending on the overall output of an economy, all other things being equal. If an increase of $10 billion in government spending produces an $11 billion increase in overall output,..
Who in the Ethiopian society has the most difficult time dealing with scarcity? How can their society provide for their wants and needs? Why are they so impoverished? What can their governments do to help, or hinder their country's development?
The government expenditure multiplier and the tax multiplier are
The current market price for XYZ is $52 per share. Initial margin is 50%, maintenance margin is 35% and margin interest is 1.75% per year. You believe the stock price will increase over the next year and wish to trade exactly one round lot. What trad..
Is the perfectly competitive model a good benchmark for an economic system which uses Biblical worldview? Use Scriptural support where appropriate and also comment on the perfectly competitive model as a guide for public policy. What should be the ro..
After your review of the United States Constitution, and in consideration of the controversy amongst Republican party Presidential nominees regarding the citizenship status of Senator Ted Cruz of Texas, is he indeed eligible to run for President of t..
Economists look at the differences between the short run and the long run in macroeconomics. Explain how might knowing this affect you as the manager of a large firm.
The demand and supply lines in a market are as follows: Give a graph and solve for equilibrium price and quantity. Now suppose a tax is imposed so that the price paid by the demander is $13 and the price received by the supplier is $7. Calculate the..
Economic theory predicts that the cost of general training will be:
Economists claim that there are several causes of economic inefficiency in medical care. List three basic causes and, for each, describe why it results in economic inefficiency and poor performance in medical markets.
The residents of Mobile City all live in mobile homes which they own. However, they rent land for their homes from absentee landowners. The rental supply of land is inelastic at 100 acres. How many acres are rented? Explain. What is the market rent o..
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