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UK has been considering installing more efficient fluorescent lighting in a number of buildings. The new lights are expected to save $200,000 next year. The electricity price is expected to increase by 5%/yr, what is the present worth of the electricity savings assuming a time frame of 15 years and an interest rate of 6% compounded annually?
Please draw diagrams and show work
Suppose that Frank is considering giving Mike eight paper back books in exchange for 2 CDs. Explain the conditions under which this trade would be mutually beneficial. Also explain the conditions under which Frank and Mike won't make the trade.
You are asked to conduct a five-year (Year 0 to Year 4) economic feasibility study. Based on project schedule, you conclude that the system will not be in operation during the current year (Year 0). New computer costs $11,000 and the development cost..
You are interested in evaluating the role of playing chess among children on their school performance. What is your primary explanatory variable (X)? How would you measure X? What is your equation?
What happens to the budget line if the government applies a specific tax of $1 per a gallon of gasoline but does not tax other goods? What happens to the budget line if the tax applies only to purchase of gasoline in excess of 10 gallons per week?
Describe how the equilibrium wage and employment levels are determined. Depict how a legal minimum wage alters market outcomes.
There are 2 main ways to interface with the database: using stored procedures or passing in the raw queries directly. If the class scheduler needed a screen to search for students, how might each approach be used?
Kyle and Jeremiah own firms that produce winter mittens. Suppose the firm’s production function is given by Q =10 or L is the number of workers hired by the firm. It can be shown that the marginal product of labor is then MPL = Assume that in the abs..
After reading about the Solow growth model, which concludes that continued economic growth requires continual innovation, and Schumpeter’s dynamic growth model, does the combination of these two models provide an adequate model of technological chang..
As a systems analyst, you are preparing a new information system project proposal for management that require you to create a costs-benefits analysis prior to project presentation. Create a costs-benefits analysis spreadsheet. Calculate net present v..
So now that you’re experts on international macroeconomics, you might find interesting looking at nations that run current account surpluses, for example, Germany, Japan, and China. What trends do you notice? Which one of these series appears unique?..
Current issues surrounding social security and the current policy being implemented in relationship to its impact on public finance. Also include any possible new policy discussions surrounding the topic that are related to public finance.
What happens to the demand for beer if consumer income rises by 5%? Be specific. Is beer a normal or inferior good? Explain.
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