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A company owns a machine that is currently lying unused in the factory. The machine was bought five years ago at a cost of £60 000 and has now been depreciated down to a 'book value' of £10 000. It could be sold now for £3 000. Alternatively, it could be rented out for one year at £2 500. The company's chief engineer believes the machine will be totally obsolete in 12 months' time and would then have a scrap value of £800. The company is considering using the machine to undertake a 1-year project. If it did, the machine's scrap value at the end of the year, net of dismantling costs, would be zero. Ignoring the time value of money, what is the cost of using the machine on the project?
Young Americans (ages 21 to 30) are healthier on average and have lower expected health care costs than older Americans. Despite that, younger people have enrolled in health insurance through Affordable Care Act (ACA) at almost the same rate as older..
Some personal computer software is sold at special discounts to students. Other software is provided in a less powerful version for students. Why do publishers offer discounts to students? What is the purpose of developing less powerful editions?
Discuss the necessary ingredients for a nation to experience greater rates of economic growth
Assume this technology becomes widely adopted throughout the country by manufacturers of all types. Elucidate what impact would the Universal Replicator have on the economy.
Q1. Suppose that there is a natural disaster that destroys part of the nation's capital stock. a. Determine the effects on aggregate output, consumption, employment, and the real wage, with a reference to income and substitution effects and explain..
Suppose Nike's managers were considering expanding into producing sports beverages.
One policy originating in this period sought to break up tribes by removing children from their families and enrolling them in Government-run boarding schools far from home.
In the United States, the average hourly earnings of production workers in 2007 were $17.45 per hour. The national minimum wage was $5.85 per hour. Assume that the minimum wage represents what a worker receives for "raw labor". Using these data, calc..
Good Food Restaurant provides a monthly bonus for servers when sales volume exceeds 120% of the same month last year. The size of bonus is tied to the individual server’s sales of meals relative to the average server’s sales.
What is the critical value that corresponds to the given level of confidence? Round to two decimals and remember that critical values are defined to be positive
Compare the current-rate method of currency translation with the temporal method. Describe a spot rate and a forward rate.
Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium quantity?
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