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An independent trucker has to choose one of the four possible combinations of inputs listed below. The two inputs are drivers and machinery. If he buys expensive machinery, then he can hire fewer drivers to deliver the same output. The input combinations are Method 1: 20 drivers, 10 machines; Method 2: 50 drivers, 2 machines; Method 3: 100 drivers, 0 machines; Method 4: 10 drivers, 12 machines. Hiring a driver costs $10. Each machine costs $100. Which method should he use? A. Method 1 B. Method 2 C. Method 3 D. Method 4
abc company owns a crane with an original cost of 500,000$,with an estimate salvage value of 200000.its life is estimated to be 15years.using straight line method, Compute book value at the beginning of year 9.
the average price level is $4 per unit also the quantity of money. Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units.
In a purely competitive industry
Why would legislators most likely ask interest groups to help shape public policy?
Using the probability from part a, if 5,000 data sets include 10,000 random numbers, how many of these data sets would be expected to have a sample mean of at least 0.499
The law of diminishing returns applies to which of the subsequent segments of the marginal product of labour curve.
Chips and salsa are often consumed together. Suppose you go to the store and find that the price of salsa has increased. a. Using supply and demand curves, demonstrate the likely effect of this increase in the price of salsa on the equilibrium price ..
Let's say our government runs an advertising campaign, encouraging its citizens to reduce spending money on consumer items, and instead save more money. How does this affect economic activity?
Suppose you have a $50,000, 6% US fixed-rate, 30-year mortgage. What is the balance remaining after you have made 70 payments? Please show all equations used to find values.
In essence, do you agree with each statement? Explain why or why not? The best test of the performance of two different regression equations is their respective values of the coefficient of determinations.
The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:
A CFA charterholder is the Fund Manager for a non-profit organization. During a presentation regarding the restructuring of their investment portfolio's asset allocation, the Head of the Finance Committee questions the manager. As part of his resp..
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