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Don Garlits is a landscaper. He is considering the purchase of a new commerical lawn mower, either the Atlas or the Zippy. Construct a choice table for interest rates from 0% to 100%.
Atlas:
Intitial Cost: 6700
Annual Operation and maintenance cost: 1500
Annual Benefit: 4000
Salvage Value: 1000
Useful life, in years: 3
Zippy:
Intitial Cost: 16,900
Annual Operation and maintenance cost: 1200
Annual Benefit: 4500
Salvage Value: 3500
Useful life, in years: 6
What is the price of an hour of leisure? An hour of nonmarket work? What does it mean to say that leisure is a normal good? Why doesn't the market supply curve for labor bend backward?
Illustrate why are second hand goods not included in the value of national income.
You have a system that contains a special processor for doing floating- point operations. You have determined that 60% of your computations can use the floating-point processor. When a program uses the floating-point processor, the speedup of the flo..
Illustrate the effect of capital formatin by comparing the production possibility curves, at the present time and ten years in the future, for two economies, one with a high and the other with a low rate of capital formation.
Suppose the marginal product of capital is 16 and the marginal product of labor is 3. If the price of capital is $4 and the wage rate is $3, then in order to minimize costs the firm should use:
The long-term trend of a time series in the decomposition model is estimated using
how will the quantity of aggregate output supplied respond to the fall in prices. Illustrate what will happen when firms and workers renegotiate their wages.
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From the scenario, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs.
illustrate and explain how each of following would affect market value of US dollar. Canada experiences severe deflation. US engages in an expansionary monetary policy.
The government has decided to reduce the pollution also from now on will require a pollution permit for each ton of pollution emitted.
Suppose that firms are NOT owned by consumers.than what is the value of that maximizes total consumer well-being?
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