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a 2000-pound, counterbalanced, propane forklift can be purchased for $30000. Due to the intended service use, the forklift's market value drops 20% of its prior year's value in Years 1 and 2 and then declines by 15% until Year 10 when it will have a scrap/market value of $1000. Maintenance of forklift is $400 prr year during Years 1 and 2 while the warranty is in place. In Year 3 it jumps to $750 and increases $200 per year thereafter. What is the optimal life of the forklift?
Suppose Microsoft chooses to produce 80 million copies of software per year and sells copies of software to retailers at $199 per copy. Now consider problem of a retailer like Circuit City or Best Buy.
Now using the information on input prices also MR, Illustrate what is the optimal input combination.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
Calculate the firm's optimal output and profits if prices rise to $65 per unit and also calculate equilibrium output, price and profit levels if the firm is typical in its industry.
A multi concept restaurant incorporates two or more restaurants, typically chains, under one roof. What do these numbers imply for decision of when to open a shared facility versus two separate facilities.
Suppose the monopolist is regulated to charge a rate which covers all unit cost and total cost, what is this rate and how many units will the monopolist produce?
Assume that an English worker can produce 50 bottles whisky every hour or 1 sweater every hour.
What would happen to the Production Possibility Frontier over time? How would invention and technological improvement modify your answer?
Illustrate what are the State's doing that is consistent with the constitution.
Explain how many spots of each kind should it purchase to meet se three goals and do so at minimum cost.
Assume the current rent is also equal Illustrate one would commonly expect for the future.
Compute accounting profit. What are the opportunity costs for the manager of being in this business relative to returning to his old job. Illustrate what is the economic profit of the business.
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