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An equipment rental firm purchased a new scissor lift to add to its rental fleet. The scissor lift cost $25,000 and is expected to have a useful life of 2 years. The salvage value at the end of the lift's useful life is estiamted to be $2,000. Maintenance and ownership costs for the lift are estimated to be $6 per hour rented, and the lift is expected to rented for 800 hours per year. Using an MARR of 7%, determine the lowest rental rate that the company should use. Express your answer in $/hr to the nearest cent.
Illustrate what is the minimum product price at which the firm will operate in the short-run. Elucidate how many workers should the firm employ to maximize profits.
Assume Fed expands money supply, however because public expect this Fed action, it simultaneously raises its expectation of cost level. Illustrate what will happen to output and cost level in short run.
q1. which one cash flow or net income do you think is more important to apple inc final project company and more
Illustrate what are the equilibrium wage rate and level of employment. What is the amount of economic rent.
Be sure to label all axis and curves on your graphs. Elucidate in writing to what market your derivation brings equilibrium and how it accomplishes this.
If the study of carpentry becomes more difficult due to complex technological innovations and usage of sophisticated tools, the marginal benefit of achievement will decline. Generally rising expenditure per student are associated with increase in edu..
It is unclear to a economic novice like me why OPEC is not cutting down production and raising oil prices. I have read several journalists commenting upon this on the internet but perhaps an economist can explain this current fact better.
If the government establishes a quantity subsidy on the consumption of a good, it means that the consumer has to pay for each unity of the good its price minus the subsidy. That is, the price of the good becomes, in the consumer’s point of view, p−s,..
Should antitrust laws (or other regulatory policies) attempt to eliminate all forms of imperfect competition? Why or why not?
Consider a small nation producing both computers (y-axis) and coffee (x-axis) and facing increasing opportunity costs. Starting from a free trade equilibrium where this nation exports coffee and imports computers, can this nation experience “immiseri..
Suppose the number of officially classified employed persons equals 80 million people; the number of discouraged workers is 12 million people; the number of stay at home spouses is 15 million people; the number of underemployed workers is 9 million p..
Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that al..
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