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The initial cost of a pickup truck is $10256 and will have a salvage value of $3800 after five years. Maintenance is estimated to be a uniform gradient amount of $152 per year, with zero dollar for first year maintenance. The operation cost is estimated to be $0.38 per mile for 376 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck?
Suppose the government of Washington is considering the addition of a new tax on rms. You have been called in to provide expert analysis on how such a tax would eect employment of labor. A tax on every hour an employee works (e.g., \X" cents per hour..
Game Theory (Stag-Hunt Game): N players go hunting; each can choose to hunt either stag or hare, so the set of actions available to each player is {S,H} (S stands for hunt stag, H stands for hunt hare). If all N players hunt S, then each gets payoff ..
Multi-Part Pricing: In the town of Oz, there are two types of tennis players: wizards and imps. Wizards and imps do not socialize, so it would be impossible to start a tennis club that both types would join. Which clientele would you like to attract ..
Sketch a supply-demand graph for sunflower. Identify the price and quantity sold on the axes. Now draw a second demand curve to the left of the first. What happens to the price? What happens to the quantity sold?
Assume that you were ready to buy a custom tailored Dress (or men’s suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. When you arrive at the tailor shop, ..
suppose demand and supply are given byqxd 7- 12px andqxs 14px-12bull determine the equilibrium price and quantitybull
It is likely that your college tuition will increase an average of 8% per year for the next 4 years. The annual cost of tuition at the beginning of your freshman year in college will be $12000 (A1). How much money will you and your parents have to de..
Summarize the pros and cons of fixed and floating exchange rate systems. Some countries have gone to the extreme of "dollarizing" their economies. What is "dollarization"? What are the advantages/disadvantages of a "dollarized economy"? Provide examp..
Analyze the economics of New Orleans in light of the above parameters and develop your own Cost-Benefit Analysis (CBA) for rebuilding
What are the effects of capital formation by comparing the ppf,at the present time and ten years in the future,for two economies,one with a high and the other with alow rateof capital formation.
Explain using the labor/leisure model and words, how a progressive income tax will affect the budget constraint of the worker and their behavior or how a tax preference (tax deduction) will affect consumption choices.
Explain the law of demand and the law of supply in healthcare. Distinguish between demand and quantity demanded. What determinants cause a shift in demand? Please include reference(s).
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