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The manager of a canned food processing plant must decide between two different labeling machines. Machine A will have a first cost of $42,000, an annual operating cost of $28,000, and a service life of 4 years. Machine B will cost $51,000 to buy and will have an annual operating cost of $17,000 during its 4-year life. At an interest rate of 10% per year, which should be selected on the basis of a future worth analysis?
q1. a monopoly firm is currently earning positive economic profit. the owner of the firm makes a decision to wholesale
Why not have State governments levy tariffs on imports, or tax other states' products. Would this be a sensible way to raise revenues? What are the advantages/disadvantages? Provide research support for your positions
The HHI for automobiles is 2,350, for sporting goods is 161, for batteries is 2,883, and for jewelry is 81. Which of these markets is an example of monopolistic competition?
How are individuals impacted by the financial markets? How does the financial markets impact economic growth? Venture capitalism and risks? How does healthy financial markets create jobs?
For each of the following statements, specify whether a Keynesian, a monetarist, or a classical economist is most likely to support it, and explain in 1-2 sentences why. “During a recession, government spending should be minimized. The Federal Reser..
They found that getting larger was painful it involved a lot of new administrative infrastructure to get everything organized
To achieve gains from specialization: a. country A should export rubber bands to country B and import country B’s paper clips. b. country A should export paper clips to country B and import country B’s rubber bands. c. country A should produce both r..
Describe the roles of the President and Congress in the federal budget process. What are the problems with the federal budget process? Why haven't we had a budget for 5 years? Any potential reforms? What are the 3 different budget philosophies?
Calculate the following: quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets.
Revenue-sharing in professional sports. Assume that there are two grades of professional football players. There are a limited number of “stars,” whom the fans most want to watch, and an unlimited number of “non stars.” There are too few stars to ful..
Think of a strategy pursued by the company your work for or another company. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are most applicable in the ..
The US stock market has set records for high values in recent months. This means the overall wealth of the populace has increased. What effect does this have on the following?
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