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Smith corp in jacksonville florida bought some computers at a cost of $100,000. the total salvage value of this equiptment is estimated to have no value at the end of a depreciable life of 6 years. Determine the book value for this asset at the end of year 3 using the following methods:
a. DDB
b. sum-of-years method
c. Modified accelerated cost recovery system
The market supply of labor is always upward sloping, but an individual’s labor supply curve may not be upward sloping throughout its entire range. Both the market supply of labor and the individual’s supply will both be upward sloping.
Suppose velocity is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Calculate the long-run rate of inflation according to the quantity theory of money. Suppose the growth rate of money rises to 10% p..
After set up there is a marginal cost of $ 4 for each CD. Set up the total, average and marginal revenue functions for GDM. Write out the company TM s total average and marginal cost functions.
The money supply is $800 billion, the required reserve ratio is one-sixth, and the simple money multiplier applies to any increases in reserves. The government runs a deficit of $150 billion. What will the percentage increase in the money supply be i..
A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost. Suppose a tax of $1,000 per day is imp..
In the film My Cousin Vinny, Vinny, a New York (out of state) lawyer, was able to practice law in Alabama and represent a client on a murder case—without the benefit of being admitted to Alabama State Bar. In the movie, Vinny was thrown in jail by t..
Investco wants to invest money that would generate an annual yield of at least $20,000. Two stock groups are available: bank stocks and tech stocks, with average annual yields of 15% and 25%, respectively. What is the minimum amount of Investco shoul..
What is the amount of equal annual deposits needed in years 7 through 14 to provide for a series of annual withdrawals of $2400 beginning 9 years from now and increasing at the rate of 2% per year through year 19? Assume an interest rate of 5% per ye..
Identify an industry/market that in your own understanding, can be described as a “monopolistically competitive” industry (market). Discuss/explain your choice.
Suppose the quantity of gadgets demanded is reported to have fallen by 20 units—from 50 to 30 units—as a result of a per-unit-price increase in widgets from $10 to $14, what is the cross-price elasticity of demand? Explain your cross-price elasticity..
What factors in global segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the industry?
Elucidate an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you have made at home or work.
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