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Question: A project's first cost is $25,000, and it has no salvage value. The interest rate for evaluation is 7%. The project's life is from a discrete uniform distribution that takes on the values 7, 8, 9, and 10. The annual benefit is normally distributed with a mean of $4400 and a standard deviation of $1000. Using Excel's RAND function, simulate 25 iterations. What are the expected value and standard deviation of the present worth?
Three students have each saved $1000. Each has an investment opportunity in which she can invest up to $2000. Here are the rates of return on the students' investment projects: Minji: 5% Yanrong: 8% Dorothy: 20%
explain the differentiating characteristics of public and private goodslist any five private goodsbread cinemas
Why is opportunity cost a more comprehensive and important concept than accounting cost in the context of the whole economy? Give an example of a decision involving both (other than those given in lecture notes or seminar questions).
Explain: "without a market for pollution rights, dumping pollutants into the air or water is cost less; in the presence of the right to buy and sell pollution rights, dumping pollutants creates an opportunity cost for the polluter.
a firm produces a product with labour and capital and its production function is described by q 2l0.5k0.5. suppose
What type of barrier to entry was used by De Beers throughout much of its history to maintain its monopoly position - If society is producing nine units of bicycles and four units of computers and it now decides to increase computer output to six, t..
The labour- force participation rate of married woman has more than doubled over the last 50 years. One economic influence on this rate was the increase in women's wages over the period. Another economic influence was the increase in men's wages
Describe Marx's theory of the falling rate of profit and explain its relation to his value theory. Additional RequirementsMin Pages: 2Other Requirements: 1000 words, mla citation.
The figure shows the market for a group of workers who are discriminated against. Suppose that other workers in the same industry are not discriminated against.
what impact will an unanticipated increase in the money supply have on the real interest rate real output and
A firm contemplating replacing a computer (D) it purchased three years ago for 6,000. In two year it will have a salvage value of 800. Operating maintenance costs have been 1,000 per year.
What is brand loyalty? Name three products each for which you have (a) high brand loyalty and (b) low brand loyalty and explain why for each of the six products.
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