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An electronics firm invested $60,000 in a precision inspection device. It cost $4000 to operate and maintain in the first year and $3000 in each of the subsequent years. At the end of 4 years, the firm changed their inspection procedure, eliminating the need for the device. The purchasing agent was very fortunate in being able to sell the inspection device for $60,000, the original price. The plant manager asks you to compute the equivalent uniform annual cost of the device during the 4 years it was used. Assume interest at 6% per year.
Which of the following best describes a policy which moves the economy to the left and up along a given short-run Phillips Curve?
Ms. Lee Ding is considering whether the following capitol project should be undertaken. Its life is 6 years; it has a 6% salvage value; and her firm uses a 12% MARR. What is the probability of it costing $300,000? What is the probability of the net r..
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil.
List all possible factors to influence the money multiplier when the economy faced the financial crisis. The money multipliers were changed before and after financial crisis. Explain the FED’s monetary policies to increase the money supply in the Gre..
This week you have read about the effects of strategy switching and what happens when Industrial policy becomes the driver in the development process. The need to search for and promote dynamic comparative advantage is very important at the national ..
Compute the approximate elasticity of supply from the following data:
The market for a box of POG’s is defined by Qd=80-P and Qs=P. Calculate perfectly competitive equilibrium, consumer surplus, and producer surplus. Calculate quantity supplied, quantity demanded, and producer surplus, consumer surplus, and deadweight ..
Your product fails about 2% of the time, on average. Some customers purchase the extended warranty you offer in which you will replace the product if it fails. Would you want to price the extended warranty at 2% of the product price? Discuss both mor..
Wheat can only be sold at a central market place M. All producers that do not produce it at M need to haul it there in order to sell it and will incur transportation cost. People are willing to pay $222 per ton of wheat; its marginal production cost ..
What if there were 26 apartments to rent. What if there were 25 apartments to rent.
q1. on a 100-acre farm a farmer is able to manufacture 3000 bushels of wheat when he hires two employees. also he is
The change in equilibrium quantity will be:
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