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An irrigation return flow drain has sampling equipment that can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $14,000 to install and will have a useful life of 10 years. Annual costs for inspection, cleaning, etc., are expected to be $1500. A new power line will cost $12,000 to install, with power costs expected to be $800 per year. The water sampling project will end in 5 years, with the salvage value of the solar cells expected to be 20% of the first cost. The electric line will stay in place, so its salvage value is considered to be zero. At an interest rate of 10% per year, which alternative should be selected?
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
Explicate why the PPF before the war is different from the PPF after the war. Explain how you appraise the role of modern government.
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
The operating instructions issued to the European Central Bank is to use monetary policy to focus entirely on targeting the inflation rate. If it follows those rules what would it’s Taylor rule equation look like? Be specific.
Briefly critique the attached article in no more than the equivalent of 3 pages , focusing on the key environmental implications and economic arguments, with your personal reactions included.
A basic theory of underlying macroeconomic behavior and therefore useful for making policy predictions. Briefly explain.
q1. the basic concern of microeconomics isto keep business firms from losing moneyto prove that capitalism is better
Then make an argument for why the government may still prefer using the other approach.
An electric utility is considering upgrading its facilities to cut consumer costs. Currently these consumer costs total $350,000 per year. Transformer upgrade Y would have an initial cost of $750,000, would last for 20 years with no salvage value, wo..
How does this alter the isocost and isoquant graph? d.Given these forecasts, where should you expand production?
Illustrate what are the key determinants of Spectrum Healthcare Resources fixed cost and variable cost in short-run.
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