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Question: Compare two units, A and B. A has a new cost of $42000, a life expectancy of 14 years. A salvage value of $4000. and annual operating cost of $3000. B has a new cost of $21000. A life expectancy of 7 years. A salvage value of $2000. and an operating cost of $5000. Assume an annual interest rate of 7%. which of the two units would you recommend? What initial cost of machine A would make the two machines identical in overall cost?
Is it possible for a college professor to receive economic rent If so, how would the amount of economic be measured Note that economic rent in the labor market is sometimes referred to as quasi-rent in order to distinguish it from the return that ..
Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. Evaluate the article using Economic concepts
Draw a demand–supply graph and label the axes with the price and quantity of khaki pants. Next, for each scenario, draw the appropriate demand–supply curve. Compare the new demand curve or supply curve by drawing it on the same graph.
Wildcat Oil has recently discovered a new 500 million barrel crude oil reservoir in Kasakstan. Reservoir engineers predict recovery of about 300 million barrels with current technology. The firm needs a preliminary cost estimate for a feasibility stu..
similarities and differences between the CML and SML as models
A firm manufactures two goods A and B which require the two inputs K and L in the following amounts.
What happens to your graph? What happens to your consumption of coffee and candy of both are normal goods? What additional steps might you take to maintain your purchasing power over the goods you demand to consume?
How do firms contribute to the efficiency of the market economy in ways that 'networks of independent contractors' do not? How are the boundaries of the firm best established?
Compute meet and join of two vectors a and b in general position, and show that the magnitude of their meet (relative to their join) is the sine of their angle. Relate the sign of the sine to the order of intersection. In this case, the meet shoul..
How does the increase in money supply affect consumer spending and investment? How does it affect the firm or organization you work for?
If they pursue this policy, what happens to the amount of investment in the economy? Graph a AD/AS model with sticky wages AD/AS model and explain with words how the Australian government with the help of the Reserve Bank could increase government sp..
Drawing Conclusions Why did the use of money replace the barter system?
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