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Micro surfacing is part of a pavement restoration and maintenance program that seals the surface of a street that has minor cracking to prevent water from penetrating into the base material. The annual cost of the equipment (truck, tank, valves, etc.) is $97,000 per year and the material cost is $2.64 per square yard. Alternatively, regular street resurfacing requires equipment that has a first cost of $202,000 with a 11-year life and no salvage value. The variable cost for regular resurfacing is $15.16 per square yard. At an interest rate of 6% per year,
(a) What is the annual fixed cost of the second alternative?
$
(b) How many square yards per year must be resurfaced for the two methods to break even?
______ sq. yds.
(c) What is the breakeven cost?
Most industrial farms hire migrant workers, so the market for such workers is reasonably taken to be perfectly competitive. Suppose that all farms individually have a short-run elasticity of labor demand of –0.5. Explain why the reduction in employme..
Remain in mind about your paper that is going to be read by people without previous knowledge of game theory.
q1. you manage a department in a large corporation. 2 years ago you had 20 workers and produced 40000 units. the
q1. state two economic principles of taxation and which principle best justifies the excise tax on gasoline when the
During the first 13 weeks of the t.v season the Saturday evening 8;00pm-9:00pm audience proportions were recorded as ABC 29% CBS 28% NBC 25% and independents 18%. a sample of 300 homes two weeks after Saturday night schedule revision yielded the foll..
The traditional remedy for a nuisance is an injunction, and the non-traditional remedy is damages. Explain in a paragraph, circumstances in which the former is more efficient than the latter, and the circumstances in which the opposite is true.
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
A firm sells a product in a purely competitive market. Illustrate what would the price of wheat be in the absence of trade.
If the unemployed workers in the newly unionized sector spill over into the nonunion sector? How many employees will be hired in that sector? D. What is the union relative wage advantage? What is the true absolute effect?
How is the effectiveness of team selling demonstrated by the Reynolds team, and what are some of the vantages to this method in this particular case?
what compounded annual increase in cost is this? how does the increase in the cost of natural gas compare to a 3% annual rate of inflation during the same period of time?
Illustrate what is the book value at the end of the third year.
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