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Question: Parker County Community College (PCCC) is trying to determine whether to use no insulation or to use insulation that is either one inch thick, or two inches thick on its steam pipes. The heat loss from the pipes without insulation is expected to cost $1.50 per year per foot of pipe. A 1-inch thick insulated covering will eliminate 89% of the loss and will cost $0.40 per foot. A 2-inch thick insulated covering will eliminate 92% of the loss and will cost $0.85 per foot. PCCC Physical Plant Services estimates that there are 250,000 feet of steam pipe on campus. The PCCC Accounting office requires an 8%/yr/yr rate of return to justify capital expenditures. The insulation has a life expectancy of ten years. Determine which insulation (if any) should be purchased using a ranking present worth analysis.
Describe at least four key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts
Consider the market for widgets. Widgets can be produced in the United States or abroad. Assume that U.S. consumers wish to buy the least expensive widgets.
What happens to equilibrium output and the equilibrium interest rate in the short-run, and equilibrium output and theequilibrium price level in the long-run.
Lambert-Rogers Co. is a manufacturer of petrochemical products. The firm's research efforts have resulted in the development of a new auto fuel injection cleaner that is considerably more effective than other products on the market.
At what value of MC will there be no exports? Take a picture of this situation and paste it in your Word document. What can you conclude about the effect of the number of firms on PS from a merger to monopoly (from the cartel)?
Discuss why a monopolist should lower its quantity relative to the perfectly competitive market to maximize profits. Make sure to elaborate employ examples.
To evaluate the optimal (economically ecient) rotation period for a forest from the perspective of the private owner, assuming that the time trees are allowed.
The purchase of a used pickup for $9000 is being considered. Records for other vehicles show that costs for oil, tires, and repairs about equal the cost.
What are the implications of these measures for government economic policies?
A perfectly competitive painted necktie industry has a large number of potential entrants. Each firm has an identical cost structure such that long-run average cost is minimized at an output of 20 units. The minimum average cost is $10 per unit. Tota..
What does Arthur Okun mean when he says that government can redistribute only in a Leaky Bucket? Explain why he may be right, and why he may be wrong.
thenbspfederal reserve controls the three tools of monetary policy-open market operations the discount rate and the
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