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A college graduate with a B.S. in Mechanical Engineering expects to earn, on average, $20,000 per year more than an engineer without a B.S. degree. If the graduate expects to work for 35 years, and the cost of the college education is $100,000, what MARR does the investment represent? Is it a high or low rate of return compared to, say a student loan at 6% per year that might finance the cost?
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
Based on the standard labor demand model, in the long run, what do you expect to be the scale and substitution effects of a decrease in r (the price of capital) on the amount of labor demanded? What is the predicted total effect?
Why does a union electrician earn less than a non-union electrician? Why does a white male earn more than a white female with the same level of education?
Suppose there are 100 identical firms in the perfectly competitive note-card industry. Each firm has a short-run total cost curve of the form: ST C = 0.2q^2 + 4q + 10 and MC = 0.4q + 4. Calculate the firm’s short-run supply curve with q (the number o..
Illustrate what mistakes did policymakers make that have kept developing nations from growing more quickly.
Illustrate what will happen to the equilibrium quantity also price of a product in a competitive marketplace when the increase in demand exactly offsets the decrease in supply.
You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept. You call your friend, an econo..
How do government programs that provide benefits for the poor (such as food stamps) change the incentives of people to be classified as "poor"?
Explain how the quantity of executives demanded, the quantity supplied, and executive pay will change based on the above statement.
This year your income from only two years investment was $25,000 and you have to wait for one more year to earn $45,000 and another two years for taking $90,000. If the interest rate was fixed at 13.18% per year compounded continuously, how much did ..
q1. is holding an investment he bought for 1000 that has a 60 percent chance of gaining 200 in value and a 40 percent
A new computer has a 4 year life span with an initial cost of $1,200 and a $200 salvage value. According to the straight-line depreciation method, what would the annual depreciation on the computer be? You buy a used Tesla Model S for $30,000. It is ..
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