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A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500kw, have a life expectancy of 20 years and suppose the discount rate is 10%.
a) If electricity can be purchased for costs of $0.10 per kwh, how many hours per year will the solar panels have to operate to make this project break even?b) If efficient systems operate for 2,400 hours per year, would the project break even?c) The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university)?
As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because
If Professor Mamuns contract pays $100,000 every year for next 6 years, what is future value of this contract at 5% discount rate. What is present value of contract.
If a person can either fish or chop coconuts for subsistence, what does production look like.
Suppose the T-account for ABC bank is as follows: assets: reserves($150000), loans(250,000)and deposits $400,000.if the fed requires banks to hold a 10 percent of deposits as reserves explain how much in excess reserves does ABC holds.
find the new equilibrium GDP when I increases to 350 and all other values remain the same.
Outline reasons why the marginal revenue product differs between workers in different jobs.
If the price-taking firm was earning zero economic profits before the dynamic efficiency, will the level of profits change after? If so, show the extent of the change.
Illustrate what are the pros and cons of using expansionary and contractionary fiscal policy tools under the following scenarios: depression, recession, and robust economic growth.
Assumptions make the nation easier to understand because they simplify reality and focus our attention.
Calculate gross national product and net national product
Whenever you analyze your competitors, Illustrate what are the areas of greatest concern.
U.S. Airways experienced huge losses for several years in the 1990s, yet it continued to operate its fleets.
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