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1)Calculate the annual total fixed costs for a combine that has an initial price of $300,000, a useful life of 7 years, a salvage value of $50,000, and was financed at an interest rate of 5%?
2) Consider a farm with 1500 acres total where 1000 acres are in wheat and 500 are in soybeans. Wheat yield is 90 bushels/acre, wheat price is $3/bushel, and total operating expenses per acre are $100. Soybean yields are 35 bushels/acre, soybean price is $7/bushel, and total operating expenses per acre are $100. Construct a partial budget table (10 points) and determine whether it makes sense to increase wheat 1200 acres and reduce soybeans to 300 acres?
Mary Lannoy plans to save money at her bank for use in August. She will deposit $50 a month, beginning on January 1 and continuing through August 1. If the bank pays ¾ % interest each month, how much money will she receive on August 1
You are planning to build a new home with approximately 2,000 -2,500 gross square feet of living space on one floor. In addition you are planning an attached two car garage (with storage space ) of approximately 450 gross square feet.
Nominal GDP uses current prices as a measure of the value of goods and services produced, while real GDP uses prices of goods and services in a base year to measure value. Suppose an economy consists of three goods: pizza, sodas, and televisions.
Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $10, the cost of mowing the second lawn is $12, and the cost of mowing the third lawn is $15. His producer surplus on the first three lawns of the day is $53
Calculate and print out the balance due, principal payment, and interest payment for each period of a new car loan. The nominal interest is 9% per year, compounded monthly. Payments are made monthly for 5 years. The original loan is for $17,000.
a)what is equilibrium level of national income using table above b)at the equilibrium level of national income what will consumption expenditure be c)at the equilibrium level of national income what will the levelof saving be
Industry structure is often measured by computing the Four Firm Concentration Ratio. Assume you have an industry with 20 companies and the CR IS 30 percent.
Suppose honey is produced in beehive using bees and sugar. Each honey producer uses one beehive which she rents for $1/month. Producing q gallons of honey requires spending q dollars on bees and q^2 on sugar.What is the Total cost of producing q un..
What would be the dollar value of the recessionary gap What would be the potential GDP number corresponding to a natural rate of 7% What would be the value of the expansionary gap
Five years ago, a company invested in equipment having a 10-year technological life and before-tax cash flows (gross income less expenses) given below. Sales were not as good as projected, and the company is considering terminating the project.
The market supply and demand function for good X are shown below: X^s=S(P,W)=30P-W X^d=D(P,Y) =6Y/P Where p=price, x=quantity, W= labor cost, y= consumer total income. Find elasticity n(P*,Y) and evaluate it numerically at the equilibrium values a..
a) What is her willingness to pay b) If she had bought the iPod on sale for $70,what would her consumer surplus have been c) If the price of an iPod were $200,what would her consumer surplus have been
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