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A 2000-pound, counterbalanced, propane forklift can be purchased for $30,000. 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 the forklift is $400 per 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?
In the article on China holding $3 trillion in dollars, for every dollar it holds in reserves, it prints
Compare another developed nation's model of healthcare to the model used in the United States.
The University Hall has undergone an extensive remodel that resulted in better premises to purchase and consume food. Students appreciate the remodel and are more likely to spend time at the Hall than before. Food prices after the remodel have increa..
_causes an increase in the quantity of apples demanded.
q.this problem uses the heckscher-ohlin model to predict the direction of trade. consider the construction of handmade
A rise in the wages of workers in the beef industry will: Decrease the supply of beef, raising the equilibrium price and quantity of beef. Decrease the supply of beef, raising the equilibrium price, but lowering the equilibrium quantity of beef. Decr..
The allocative efficiency loss implied by the diagram is a static, short-run loss. Compared to the static loss, the dynamic, long-run loss is probably: Evidence suggests that unions reduce firm profitability and discourage investment, so that: All of..
Calculating inflation using a simple price index-Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply.
What are the goals/objectives of judges (what do they maximize)? Filing fees: for the marginal case, the one that may or may not be filed the filing cost should equalt what?
You run a small business that uses both capital and labor to produce your output. The machinery (capital) has a marginal cost equal to $25 per hour and a marginal product equal to 50 units per hour. The marginal cost and marginal product of capital a..
Consider the following Heckscher-Ohlin model. Spain and Italy produce shoes and T-shirts using capital and labor. Spain is labor abundant and Italy is capital abundant. Shoes are capital-intensive and T-shirts are labor intensive. Suppose both countr..
Use a graph of supply and demand under perfect competition to show a situation where the consumer price increases by exactly the amount of a specific excise tax paid by the producer
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