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The Autocar E3 refuse truck has an energy recovery system that is expected to reduce fuel consumption by 30%. The fuel cost for a regular refuse truck (without the energy recovery system) is $500 per month. How much can a private waste-hauling company afford to spend now on the recovery system, if it wants to recover its investment in 5 years plus a return of 12% per year, compounded quarterly. (a) Assume no inter-period interest (b) Repeat with inter-period interest collected
What is Gross Private Domestic Investment? What is net investment? What are the government purchases? What is Net Export? What is Net Domestic Product?
Mrs. Siegal has two alternative activities to help relieve her backache. In the first, she can visit a physiotherapist. The total time for a physiotherapist visit, including travel and waiting, is two hours. Mrs. Siegal earns a wage of $20 an hour. P..
You are asked whether current antipoverty policy meets three generally accepted goals of helping, minimizing cost, preserving work incentives also what changes you would favor and why.
The inverse demand curve for widgets is P = 130−2Q. There are two firms, A and B, who produce wid- gets. Each firm has a constant marginal and average cost of producing the good that equals 10. What is the Cournot-Nash equilibrium? You need to solve ..
As the number of firms in an oligopoly increases,
Based on discussions surrounding the controversy over the value of the Chinese yuan in foreign currency markets, is China still using central bank foreign exchange policy to maintain the value of the Yuan? What is the current policy of the United Sta..
Discuss why demand curve faced by a Perfect Competitor is assumed to be perfectly elastic and that of a Monopolist less elastic.
Suppose we now care about the long run decisions of a firm that has a production function of the form q = 2L + 3K. Draw the isoquant that represents 20 units of output. If the price of each unit of labor is 1, the price of each unit of capital is 2 a..
A farmer who grows organic corn is at risk of having his crop contaminated by genetically modified corn grown by his neighbours. In Silveiras, Brazil, queen ants are regarded as a delicacy, but recently the ant haul has been dwindling because of pest..
What is comparative trade and absolute; and what are their advantages? For securities trading, what is revenue and protective? What is the distinction between balance of trade and balance of payments? What is the exchange rate? and what is the impact..
The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year. Suppose the growth rate of the economy is 2%. The size of the economy roughly doubles every. Economic growth is important to un..
Calculate the perpetual equivalent annual cost of $5,000,000 in year 0, $2,000,000 in year 10, and $100,000 in years 11 through infinity. The interest rate is 10% per year.
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