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The Fichser-Tropsch (F-T) process was developed in Germany in 1923 to convert synthesis gas (i.e., a mixture of hydrogen and carbon monoxide) into liquid with some gaseous hydrocarbons. Interestingly the F-T process was used in World War II to make gasoline and other fuels. If the US military can save one billion gallons per year of foreign oil by blending its jet fuel with F-T products, how much can the government afford to invest (through tax breaks and subsidies) in the F-T industry in the united States? The government’s MARR is 7% per year, the study period is 40 years, and one gallon of jet fuel costs $2.50. If Congress appropriates $25 billion to support the F-T process industry, what is the simple payback period?
The expected annual net savings in operating costs will be $25,000 during the first year and $40,000 during the second year. If your interest rate is 10%, what would be the equivalent net savings per machine-hour?
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Recently proposed energy legislation has caused concern in West Virginia, particularly in respect to impact on the coal, oil and gas industries.
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Draw the isocost line corresponding to a total cost of $10,000 is: 50 L + 100 K. TC = w L + r K, where L is the quantity of labour, K is the quantity of capital, w is the price of labour, and r is the price of capital. And draw the isoquant curve on ..
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The annual opperating cost of the new operating machine is $7,000. The company uses a 20% MARR. Calculate the annual equivalent total cost for each machine. Would you replace the old machine at this time?
Discuss the importance and explain the use of business process modeling notation (BPMN).
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