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The student chapter of the American Society of Mechanical Engineers is planning a six-day trip to the national conference in Albany, NY. For transportation, the group will rent a car from either the State Tech Motor Pool or a local car dealer. The Motor Pool charges $0.37 per mile, has no daily fee, and pays for the gas. The local car dealer charges $32 per day and $0.21 per mile, but the group must pay for the gas. The car ’s fuel rating is 21 miles per gallon, and the price of gas is estimated to be $2.08 per gallon. at what point in miles, is the cost of both equal. in other words find the break even point in miles
Mexican interest rates are normally substantially higher than U.S. interest rates. a. What does this imply about the inflation differential (Mexico inflation minus U.S. inflation), assuming that the peso interest rate is the same in both countries? D..
The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:
A drought in Nova Scotia reduces the apple harvest, what happens to consumer surplus in the market for apples? What happens to consumer surplus in the market for apple juice? illustrate your answers with diagrams.
Depreciation of the Canadian dollar will tend to:
A major defense supplier expects to generate additional revenue from its recently won government contract. The company expects the revenue will be $110 million in the first year and the revenue increasing by $2.5 million each year for the next 4 year..
q.consider a race between 2 candidates. whoever spends the most money in their campaign wins the election and gets a
q.although economists routinely use gross domestic product gdp and other national income and product statistics in
A mathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double. Elucidate how long will it take Mexico's real GDP per person to reach the level that the United States was at..
A company borrowed $200,000 at an interest rate of 10% compounded annually over five years. The loan will be repaid in installments at the end of each year in the amounts of: What will be the size of the last payment in year 5 that will pay off the l..
If the company were to build the bridge, illustrate what would be its profit-maximizing price. Would that be the efficient level of output.
What is the difference between "diminishing marginal returns" and "diseconomies of scale"?
Illustrate what is standard inconsistent cost. Illustrate what is the marginal cost.
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