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The maintenance foreman of a plant in reviewing his records found that maintenance cost on a large press had increased with sales of a product that will decline in the future.
5 years ago $600
4 years ago 700
3 years ago 800
2 years ago 900
Last year 1000
He believes that maintenance will be $900 this year and will decrease by $100 yearly for 4 years. What will be the equivalent uniform annual maintenance cost for the 10 year period? Assume interest is 8%.
Suppose that Ellen has $I to spend on goods x and y: The price of good x is px and the price of good y is p y: Write down Ellen's budget line and draw it. Indicate the slope, as well as the vertical and the horizontal intercept.
q.consider the following islm model for a closed economyc4000.4yd i2000.3y-2000i g360t400 mp4y-100000ims2600 10
Explain the difference among the government purchases multiplier and the net tax multiplier. If the MPC falls, what happens to the tax multiplier.
What is the minimum price at which the firm would be willing to supply a positive amount of output in the short run? Label this on your graph.
Explain why does the profit motive does not automatically avoid air pollution in the production of steel and other products.
Find out the optimal price-quantity if the firm is not able to price discriminate.
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Suppose you have $500 in savings when the price level index is at 100. (a) If inflation pushes the price level up by 10 percent, what will be the real value of your savings?
Given the short-run (SR) cost curve in the chart above for a firm in a perfectly competitive market, find the firm’s best output level and total profits when the market price is: a) $18, b) $13 c) $5 d) $3.
Explain additional ads show the same response, is the bank running an optimal mix of ads.
Is the market for coffee perfectly competitive. Elucidate does the coffee market meet all six conditions of a perfectly competitive market.
When looking at a cheaper dollar, you will find that this will affect our economy. We are able to export more goods and services given the cheaper dollar. How do you think the US can support a cheaper dollar?
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