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A semiconductor manufacturing facility is considering 2 different scrubbers to reduce its HLC emissions and comply with state air quality standards. Option one is a wet scrubber option 2 a dry scrubber. Both scrubbers will meet the company’s ongoing HCL emission reduction needs. the wet scrubber cost $250,000 to purchase $25,000 per year to operate and has a salvage value of $15,000 at the end of it 15 year life. The dry scrubber cost $300,000 to purchase $24,000 per year to operate, salvage value of $75,000 at the end of its 20 year useful life. if the MARR is 15% what scrubber should be purchased?
Loan amortization and EAR You want to buy a car, and a local bank will lend you $35,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 11% with interest paid monthly. What will be the monthly loan pa..
Law of demand does not hold since attendance at the major league parks has dropped while at the same time ticket prices have fallen.
Consider the following production function f(k,l) = k^1/3 + l^1/3. Suppose the government taxes labor at by an amount t per unit of labor. Rewrite the long run cost function including the tax.
Barney’s snow removal service is a profit-maximizing, competitive firm. Barney clears driveways for $10 each. His total cost each day is $250, and half of his total costs are fixed. If Barney clears 20 driveways a day, should Barney operate or shut d..
The Marginal Product of Labor and the Marginal Product of Capital are given.
Explain briefly the system of system of the Balance of Payments Accounting for a country, including an explanation of the current account, the capital account, and the financial account.
An economy has a consumption function of C = 400 + .75(DI) The following values are fixed : G , T = 1000 NX = 50 I = 750 Suppose that the CPI ( i.e., the "Price Level") is currently equal to 115. What is the equilibrium real GDP (on the demand side)?
In an economy production is characterized by the neoclassical function =K^.5*N^.5. Suppose it has a saving rate of .1, a population growth rate of .02, and an average depreciation rate of .03. Write this production function in per capita form and fin..
What research the long-run effects of entry into monopolistically competitive industries on prices, output, and profits. Explanation must be substantive.
Total profit is maximized at output of ? What is profit maximizing price? What will profits be at profit max output and price?
Describe a specific tariff, an ad valorem tariff, and a compound tariff. What are the advantages and disadvantages of each?
In the movie Peter says: “It’s not that I am lazy. It is that I just don’t care…The problem is one of motivation.” What kind of problem is depicted in the movie? Is it one of moral hazard or adverse selection? Explain.
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