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LED bulbs have become more popular in recent years, but do they make financial sense? Suppose a typical 15-watt fluorescent light bulb costs $20 and lasts 12,000 hours. A 8-watt LED bulb, which provides the same light, costs $32 and lasts for 20,000 hours. A kilowatt-hour of electricity costs $0.8. A kilowatt-hour is 1000 watts for 1 hour. If you require a 10 percent return and use a light fixture 1000 hours per year, what is the equivalent annual cost of each light bulb? Which light bulb should you use?
Consider a homocentric city where the cost of commuting is $20 per mile per month. A household located 5 miles from the city center lives in a 1,000 square foot house that costs it $500 per month. Non-land costs per house are $100 per month and there..
How might seemingly legitimate appearance requirements result in illegal discrimination? Explain. What should employers do to reduce the likelihood
Int'l Expansion Considerations - Apply risk methodologies to economic situations using a variety of approaches ranging from basic statistics to certain
Do recent economics actions justify greater regulation in the financial services industry Wall Marts continuous replenishment system illustrates a tactical utilize of information services.
How much does it cost to practice medicine? Are malpractice insurance premiums a major cause of higher doctor bills? Is medical care sold like other goods and services?
What is meant by an open market purchase? It is the purchase of goods and services by the federal government in open markets. Even though this does not happen often, if the Fed reduces the required reserve ratio, the supply of money will increase. Wh..
Public policy toward monopolies Suppose that the government is concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. The government views electricity as a public good that is likely to be produced i..
What is the cost to Lavaland of moving from point E to point F. Illustrate what general economic principle is being illustrated.
When considering the consequences of an action to be the determining factor of its ethical worth, you are employing what type of ethical reasoning?
Upon graduation, Jeffrey Feldhusen borrows $16,800 to finance a late model used car. The loan is made by a family member who wishes to have equal annual payments at 10 % over 4 years. How much are the annual payments? How many total dollars of intere..
You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. Illustrate what is your maximum possible gain ignoring transactions cost.
Construct a 95% confidence interval estimate for the true proportion of Green Bay residents who use a smart phone.
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