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A boiler is being considered for a new process plant. The boiler can be fired either by natural gas, fuel oil, or coal. A decision must be made on which fuel to use. An analysis of the costs shows that the installed cost, with all controls, would be least for natural gas at $60,000; for fuel oil it would be $110,000; for coal it would be $360,000. If natural gas is used rather than fuel oil, the annual fuel cost will increase by $15,000. If coal is used rather than fuel oil, the annual cost will be $30,000 per year less. Assuming a MARR of 8%, a 20-year analysis period, and no salvage value, which is the most economical installation?
dr. fine and dr. feelgood are the only two medical doctors offering immediate walk-in medical services in the town of
Draw her budget line. Algebraically find out her optimal consumption bundle. What is her level of utility at the optimal consumption bundle? Indicate the optimal point on the budget line and draw a hypothetical indifference curve that is tangent to t..
How much more are U.S. consumers paying for the 20 billion pounds of sugar they consume each year as a result of the quotas on sugar imports? _______ (Hint: American prices $35.02 cents per pound, World prices $19.67 cents per pound).
A manufacturer makes a single product at a cost of $5 each. The manufacturer computes that if each product sells for d dollars, (15 - d) products will be sold. What is the manufacturer's profit function? What price should the manufacturer charge to m..
Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas.
consider the following cobb-douglas production function for the bus transportation system in a particular cityq alb1
nestleacute holds a 99-year lease for the land that the sanctuary spring sits on. while lease-holders are generally
to increase its return a bank that expects interest rates to fall willawant the duration of its assets to be greater
Talk about alternative definition of poverty. How is poverty defined in a developing country
a firm you has to decide whether or not to enter a market which is serviced by a monopolist. currently the monopolists
Graph and describe what effects would be short run production function if a new advanced process was found and how would the number of employees hired change?
Derive the "Maximum Differentiation Principle" by using original Hoteling duopoly model with quadratic transportation cost in distance.
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