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An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated MV (SV) for depreciation purposes is to be $25,000. Using the SL method, the annual depreciation on the equipment is
you have been hired as a consultant by your local mayor to look at the various market structures. your role is to
Which of the following market structures will have higher prices in the long run than perfect competition?
q1 hahn company uses the percentage of sales method for recording bad debts expense. for the year cash sales are 300000
Find the first order conditions and find the asset demand function for a when utility takes the log form, as in 1B above.
assume perfect competition. summerland is a small country that takes world price of corn as given. its domestic supply
the demand curve for a product is given by qxd 1200 - 3px - 0.1pz where pz 300. what is the cross-price elasticity of
1. consider the following information about a business diane opened last year price5 quantity sold 12000 implicit
A monopolist faces a demand curve given by: P = 40 -Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $2. There are no fixed costs of production.
for the statements below you are to write two answers. one answer should agree with the statement the other should
At the fishing hole, people come from all around to catch fish to sell at the fish market. The total number of fish caught is F=10x-(x^2) where x is the number of fishermen
The future possibility of doctors examining X-rays and performing other responsibilities from remote locations through the Internet. How will this change affect international business?
What is the relationship between productivity and the cost of production, and how does the cost of production vary over the short- and long-run?
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