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The RX Drug Company has just purchased a capsulating machine for $76,000. The plant engineer estimates the machine has a useful life of 5 years and no salvage value. Compute the depreciation schedule using:
(a) Straight-line depreciation
(b) Sum-of-years'-digits depreciation
(c) Double declining balance depreciation (assume any remaining depreciation is claimed in the last year).
Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why?
According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. In offering such training programs, is a company violating the optimality rule?
Would the balanced-growth path of output per worker for the economy shift upward, shift downward, or remain the same if capital were to become more durable (i.e., if the rate of depreciation on capital were to fall?)
Mr. Trump has vowed to decrease business regulations. Is this policy aligned with Mercantilism, Adam Smiths’ Classical Theory or Keynesian Macroeconomics?
What requirements are imposed on an employer by the Family Medical Leave Act? What remedies can an employee seek if an employer violates the Family Medical Leave Act?
Think of a company (such as Apple Computers or Samsung) with which you are familiar. In a response of no less than 250 words, what are the three most relevant environmental categories that need scanning for that company? How have those categorizes im..
Apple feels it is a price leader in the mobile phone market with all the other producers acting as followers. the total demand for mobile phones is given as: Apple's Marginal cost function for their mobile phone is: if apple wants to maximize profits..
Draw a diagram of the small-country market for sugar under free trade, and with the export subsidy in place.
Using a graph explain the welfare impact of tariff on domestic consumers, producers, government, and national welfare in a) a small country b) a large country.
A country exports $5000 and imports $4200. Calculate net exports. Is the country running a trade surplus or a trade deficit?
Adam Smith favors a policy of laissez faire in managing economic activities. Why? Economics deals with the efficient use of resources? Why? Marginal analysis tends to produce more optimal outcomes when working with scarce resources. How?
Janice really likes potatoes. At best any other goods are worth less than a dollar to her, potatoes cost $1.00 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she feels that the first pound of potatoes i..
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