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a. Maintenance costs for the fermentation units in a Kalona biofuel production plant are expected to be $80,000 three years from now and another $95,000 six years from now. If Kalona biofuel product plant wants to set aside enough money now to cover these costs, how much must be invested at an interest rate of 8% per year compounded semiannually?
b. An interest rate of 12% per year compounded quarterly is equivalent to what effective interest rate per year?
A good without any close substitutes is likely to have relatively _______? demand, because consumers cannot easily switch to a substitute good if the price of the good rises.
An electricity industry contains two generating firms, one of which has marginal cost= $2.50 and the other of $1.50; the demand curve is Quantity=40-4*price. Quantities are in MWH and price are in $/Mwh. Very low production cost! Find cournot Equilib..
If a price in a competitive market is "too high to clear the market," what does this normally mean. Assume upward-sloping supply curves.
Explain how markets in perfect competition differ from markets that are imperfectly competitive. Illustrate what role does firm have in determining market price under each condition.
Assume to a program is implemented that guarantees college tuition assistance to students maintaining a minimum GPA standard.
Suppose that Portugal and Germany both produce oil and olives. Portugal's opportunity cost of producing a crate of olives is 3 barrels of oil while Germany's opportunity cost of producing a crate of olives is 10 barrels of oil. Based on your answer t..
A tax system is called progressive if
Why do celebrity icons receive such widespread attention and adulation
During the period of time that a local university takes phone-in registrations, calls come in at the rate of one every two minutes.
Describe a decision-making scenario using your business experience, personal decision making or cited journal article; include an example of the decision-making process, describe the risk, and whether persuasion was used.
Bill sees a classified ad offering a used DVD player for $5. On the opposite page, he sees a big color ad from a national electronics chain offering new DVD players for $50. Bill values a DVD player at $75 as long as it works, regardless of whether i..
Scarcity is the main reason we are studying economics. Scarcity exists when human wants exceed available resources. Write a four paragraph post that explains the difference between a want and a need? Please give five examples for each of these two co..
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