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The maintenance costs associated with a machine are 52,000 per year for the first ten years, and $1,000 per year thereafter. The machine has an infinite life. If interest is 10%, what is the present worth of the annual disbursements?
An industry consists of a dominant firm with costs C(Qd) = Qd and 8 identical fringe firms, each with costs c(q) = 1 + q^2. Market demand is Q = 20 - p. What is the supply schedule for a fringe firm in the long run? Sketch the supply. (You would need..
Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.
The ________ nature of consumer durables expenditures ________ a significant drop in the personal-saving-and-consumer-durables-expenditure ratio in a recession.
Explain the factors that weaken the case for the market sector, such as lack of competition, externalities, public goods, and poor information.
In “Diminishing Marginal Utility: It's a Law,” a writer for the Ludwig von Mises Institute explains the concept of diminishing marginal utility, gives a detailed example, and then concludes that the law of diminishing marginal utility is “irrefutably..
An individual consumes only two commodities X and Y. She prefers a bundle B1 with 6 units of X and 2 units of Y to a bundle B2 with 4 units of X and 7 units of Y. Also, she prefers a bundle B3 with 2 units of X and 8 units of Y to B1. Are these prefe..
Consider the following scenario: Phoenix Homeless Agency (PHA) needs funds to continue providing job counseling to qualifying recipients.
You are interested in designing both for economically-developed countries and third-world countries. In economically-developed countries there are working dialysis systems, but your design would be an improvement. In the third-world, access to any di..
When the price of bubble gum is $0.50, the quantity demanded is 400 packs per day. When the price falls to $0.40, the quantity demanded increases to 600. Given this information and using the midpoint method, you know that the demand for bubble gum is..
Some of the production of an economy creates pollution illustrated by the move.
A father, whose dream is to see his son grow up to be an engineer, plans to invest a certain sum towards his son's education upon his birth. He will need to withdraw $12,000 each year from the 21st to the 24th year of his sort's life. How much should..
Discussion and understanding of the various types of the Market-wide (systematic) influences affecting the firm, its shares and their performance (e.g., the economy, government policies, the competitive market for the industry)
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