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Three mutually exclusive projects are considered: A, B AND C. A has a first cost of $1.2M and will save $300K per annum. B would cost $1.5 and save $$400K pa. C would cost $2.1M and save $500K pa. For each of the alternatives. Construct a Choice Table based on the chosen MARR.
Illustrate what output level would a perfectly competitive firm produce.
In addition categorize the level of elasticity of a product or service of your choice from real life depends on what you know happens to the percentage change in quantity demand when the price changes.
Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.
A persone has a choice between an apple or an orange. the persone chooses the apple. Elucidate what is the opportunity cost of choosing the apple.
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil.
Again, thinking in terms of marginal propensity to consume, under what circumstances would your tax proposal increase total consumption spending? What other policies could be enacted to increase total consumption spending?
Use a .01 level of significance to test if there is a difference in the mean production of the three assembly lines. Develop a 99% confidence interval for the difference in the means between Line B and Line C.
Calculate the cross-price elasticity of demand. Given the elasticity you calculated, did it make sense for supermarket to raise its price.
Can you offer another reason why the New Jersey dealer might not have wished to follow a no-haggling policy.
Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Determine the required outlay for 1,000 tons per day.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
What is the short-run equilibrium price. What is the short-run equilibrium market quantity.
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