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A firm purchased some equipment at a very favorable price of $30,000. The equipment purchased in an annual net savings of $1000 per year during the 8year it was. At the end of 8 years, the equipment was sold for $40,000. Assuming interest did the equipment purchase prove to be desirable?
What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment ? What did the Fed actually do? Explain in detail
What market structure does the sale of cellphones in the USA represent? Why? How has it changed since the monopoly of Ma Bell? Provide examples.
What is the purpose of having different types of procedures (e.g. pleadings, motions, and discovery) in litigation? Are some procedures more important than others? Do all these procedures just create an atmosphere of gamesmanship in litigation? Do th..
A person can chose to work any amount from 0 to 52 weeks per year at a wage of $1000 per week. Draw her annual budget constraint, representing total annual consumption vs annual weeks of leisure.
If a country's currency's external value is tied or pegged to the currency values of the country's leading trading partners, this arrangement
If you were starting a soap business (laundry soap), what strategy would you use to compete with Procter & Gamble and Clorox ? How would you reach your target market? How and where would you advertise? We talk about the power of word of mouth-how do ..
What is Soroush’s income elasticity of demand for Good 1? C. What is Soroush’s income elasticity of demand for Good 2?
A person who eats a first chocolate from a box of candies, and then a second, and a third, and so on (and nothing else), in an afternoon experiences a: simultaneous rise and fall in both total and marginal utility
The U.S. economy experienced large trade deficits in the 1980s and 1990s and tremendous economic growth in the mid- and late-1990s.... Explain verbally the relationship between investment and long-term economic growth and describe the relationship gr..
Assume he takes welfare and does not work. Illustrate what is his reservation wage. He will not lose his welfare if he works.4. Suppose he is working and receives no welfare.
Draw the Production Possibilities Frontier (PPF). Suppose that the society produces 20 million tons of food and 8 million tractors per year. Is it operating on the PPF. If not, what factors may account for this? What is the total opportunity cost of ..
Sometimes price cuts can have an unintended result of consumers waiting for deeper discounts. What does this waiting suggest about supply and demand?
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