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Question: The coal deposit that your firm is mining is becoming less profitable every year. Profit for the next year is estimated to be $2.2M, with an expected drop of $300K per year. The firm will stop mining when it is no longer profitable. To continue operating, the firm must rebuild its dragline, which will cost $3M immediately and have no salvage value. The interest rate is 12%. What is the present worth of rebuilding the dragline?
Why must the quality of natural resources for tourism be maintained? Explain Ecotourism and why it is so vitally important
Can you please provide me an example of the company that has made a strategic decision based on productivity and costs.
Would you continue to work after winning a lottery prize of $50,000 a year for life? Would you change schools, jobs, or career objectives?
What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets - How do market prices differ between perfectly and imperfectly competitive markets?
A household splits its $4,000 monthly income between necessity and luxury goods. The average price of necessities is $30 per unit and that of luxuries is $100 per unit. Write the household budget constraint.
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a variety of tasks. Does it then make sense for people with high abilities to go to small firms
In Risky business one needs to perform a thorough research. In fact more than the routine research. Especially, if one has quite a bit at stake! Any comments or interesting story to share? Do you have any ideas about a News venture that you like to s..
How did the shift affect the employees? How did he try to get all the employees to buy into the reshaping of the company?
What is the new equilibrium number of firms?
A monetarist investigator might say that the sewer flow of 6,000 gallons an hour consisted of an average of 200 gallons in the sewer at any one time with a complete turnover of the water 30 times every hour."
What do you think will happen to the price of gasoline in the future and why? What are some ways that the United States can keep the price of gasoline under control?
In the discussion of Big Idea Five, the chapter says that "self-sufficiency is death" because most of us would not be able to produce for ourselves the food.
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