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Units-of-production depreciation is being used for a machine that, based on usage, has an allowable depreciation charge of $6500 the first year and increasing by $1000 each year until complete depreciation. If the machine's cost basis is $110,000, set up a depreciation schedule that shows depreciation charge and book value over the machine's 10-year useful life.
The time required to verify and fill a common prescription at a neighborhood pharmacy is normally distributed with a mean of 10 minutes and a standard deviation of 3 minutes. What is the probability that a customer will have to wait more than 15 minu..
Van has plans to go to an opera and already has a $100 non refundable, non exchangeable, and non transferable ticket. Now Amy, whom Van has wanted to date for a long time, asks him to a party. Van would prefer to go to the party with Amy and forgo th..
Compare two competing, mutually exclusive new machines that have only cost data given and tell which of the following statements is true regarding the present worth of the incremental investment at your investment interest rate. If it is greater than..
Get an article on the economy. Relate it to either the AE/AP Keynesian model or the aggregate supply and demand graph. Draw graph to explain the relationship between the article and the model.
A profit maximizing monopolist faces a demand function given by Q(p)=70-p. The cost function is C(q)=5q. Suppose that the government introduces a tax of $10 per unit of output. As a result of the tax, the monopolist will? (increase the price to what?..
The domestic demand and supply for sugar are Qd=40,000-200P, and Qsd=10,000+300P. The foreign supply is Qsf=20,000+100P. What is the total supply of sugar in the domestic market?
Explain why study pure competition if actual purely competitive markets do not exist? What can we learn from highly competitive markets. Briefly discuss.
suppose that a farmer has two very different 100-acre plots of land. suited for growing rice than corn one is very wet
In recent decades, trade has been growing faster than income for many countries. What combination of trade effects is sufficient for this to come about? Is this behavior consistent with the Rybczynski theorem? Under what circumstances?
As the United States economy moves out of a recession, U.S. financial investors increase their purchases of stocks that are expected to earn a higher rate of return than they are currently earning on their savings account deposits.
Suppose you are studying the recent rise in shale energy. You know the inverse demand function for shale energy is P = 100 - Qd. The supply of shale energy is P = Qs. However, shale energy can potentially lead to pollution. The marginal social cost c..
An airplane crashes as the result of a non-negligent defect in an instrument supplied by A. The airplane was manufactured by B from various components, including the instrument from A, and is operated by C, an airline. What economic difference does i..
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