What has george done wrong in given problem

Assignment Help Microeconomics
Reference no: EM131806594

Question: George has just finished the cost analysis of a brass pump with and without an interior coating. The brass pump will last 3 years, but if an interior coating is applied, less energy will be needed for pumping. The interior coating costs $300, and the energy savings is $120 per year. George claims that the coating will save $60. Is George's work correct? If not, what has George done wrong?

Reference no: EM131806594

Questions Cloud

Different instructions required for different learning : Why is different instructions required for different learning outcome?
Calculate the revenue to be recognized in fiscal year : Calculate the revenue to be recognized in fiscal year 2012 for each division of Patty Corporation in accordance with generally accepted accounting principles
How much is the budgeted balance for accounts payable : Cost of goods sold is 35% of sales. How much is the budgeted balance for Accounts Payable at October 31, 2013
Describe legal and ethical dilemma discussed in case study : Describe the legal and ethical dilemma discussed in the case study. Analyze the key ways in which a patient's right to die relates to this specific case.
What has george done wrong in given problem : George has just finished the cost analysis of a brass pump with and without an interior coating. The brass pump will last 3 years.
Discuss the organization and corporation : Discuss the organization/corporation that will be the focus of your final project/business plan.
What is the revenue cost and gross profit recognized : What is the revenue, cost, and gross profit recognized for each of the years 2011-2015 under (a) the percentage of completion method
Systematic sampling allows social science : Systematic sampling allows social science to overcome overgeneralization. Spurious causation is a special case of a confounding variable relationship.
Explain the current project management environment : Explain the current project management environment and Identify and apply the conceptual skills to successfully solve complex project management problems

Reviews

Write a Review

Microeconomics Questions & Answers

  A particular financial instrument is a debt

1. Discuss five factors that may be employed to determine if a particular financial instrument is a debt or equity security

  What does this imply about the process of globalization

What are the limits and constraints to establishing global institutions and regulations? What does this imply about the process of globalization?

  The law of demand states that-other things being constant

The law of demand states that, other things being constant: Which of the following causes a movement along the demand curve?

  Explain the emergence of social conventions

The prisoners' dilemma can also explain the emergence of social conventions, such as driving on the right side of the road.

  Cmpare three main moral philosophies of moral virtue

how does a persons individual moral philosophy influence his or her business decisions?compare and contrast the three

  What might be done to make small firms more proactive

Vellus's original entry into exporting was both reactive and serendipitous. Do you think this is the exception or the rule for small businesses What might be done to make small firms more proactive with regard to exporting 3. What lessons about su..

  Explain how a positional arms race can occur

Using a prisoner's dilemma game such as the "wedding game." explain how a positional arms race can occur. In your answer be sure to explain positional arms races, the nature of the wedding game, etc.

  The following information is available for an

the following information is available for an economyconsumption functionc 220 .8y-tinvestment i 400net exports nx

  Describe the level of detail that would be necessary

The case study from Economics. Citizen Gas Company is a medium sized company with customers from residential, commercial and industrial sectors.

  How does a natural monopoly lead to lower costs

What is a natural monopoly How does a natural monopoly lead to lower costs than would exist if there were more than one firm in an industry that is a natural monopoly

  Calculate net revenue or revenue

Calculate net revenue, or the revenue from the investment minus the costs; the present value coefficient for every year; and the present value of the net revenue.

  Should labor hold the same view market has about imports

While greater access to imports may be beneficial from a microeconomic standpoint (people have greater range of goods to choose from, and available at a lower price) the macroeconomic view of things may be a little different.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd