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Question: A cannery is considering installing an automatic case-sealing machine to replace current hand methods. If they purchase the machine for $3800 in June, at the beginning of the canning season, they will save $400 per month for the 4 months each year that the plant is in operation. Maintenance costs of the case-sealing machine are expected to be negligible. The case-sealing machine is expected to be useful for five annual canning seasons and then will have no salvage value. What is the payback period? What is the nominal annual rate of return?
Compare and contrast the three types of unemployment. Discuss how these three types of unemployment demystify a common myth that "unemployment would not exist if the economy were operating efficiently."
You are to select a newspaper/magazine/web article for economic analysis. The article must relate to Micro Economics. The article must also have been written after 1st June, 2012. You are to apply your economic theory to explain and analyse the newsp..
A road building contractor has received a major highway construction contract that will require 50,000 m^3 of crushed stone each year for 5 years. The stone can be obtained from a quarry for $7.80/m^3. As an alternative, the contractor has decided to..
Examining the current market situations of "Starbucks" competition can take many forms. value competition includes collusion, price leadership, loss leaders, price discrimination.
What is Supply Side Economics? Do you think that reducing taxes and tax rates can actually increase government revenue? Why or why not?
Discuss the long run implications of monopolistic competition with respect to (a) utilization of plant, (b) allocation of resources, and (c) advertising and product differentiation. Compare this to the situation of perfect competition.
Discusses role of government on fostering intermodal transport innovations. The author suggests that the US government should be the catalyst for innovations in intermodal transportation. He argues that industry, in a free market economy, has ..
Currently the equilibrium overnight rate is 4% and there is $0B in borrowed reserves. The rate the Central Bank charges for overnight loans is 5% and pays 4%.
Calculate the change in deadweight loss if the U.S. replaces a prohibitive tariff per unit on imported wine by an equal production subsidy per unit of wine sold by U.S. producers.
In the context of renting an apartment (Exercise), some of the objectives may have natural attribute scales. Examples are minimizing rent ($).
Provides a detailed and well-supported explanation of the justification for natural monopolies according to economic theory.
What is the employment forecast or estimated growth for this occupation? What organizations/ companies employ individuals in this occupation?
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