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"Engineering Ecomony" Question
Assume that you have a company and need to evaluate two alternatives, an automatic machine (AM) and a manual machine (MM). Capital investment for these AM and MM are $23,000 and $8,000, respectively. The salvage values for AM and MM are $4,000 and $0, respectively. The AM has a predicted life of 10 years and only one employee will be required to operate this AM at a rate of $12 hourly. Estimated annual costs are $3,500 for the AM. Expected output from AM is 8 tons hourly.
On the other side, we need to have three employees to operate the MM at a rate of $8 hourly for each employee, and estimated useful life of MM is 5 years. Estimated annual costs are $1,500 for the MM. Expected output from MM is 6 tons hourly. If we assume that MARR is 10% yearly for AM and MM, what is the amount of output per year we need to have to choose the AM as the best alternative?
Define ex,I and ey,I to be income elasticities for goods x and y. Define sx and sy to be income shares for x and y.
The vast majority of consumers have a relatively inflexible leisure budget. If sports team moves to town, the money one spend taking a family to a game typically is money that is not spent at a local bowling alley, golf course, restaurant or theatre...
q.assume that two companies c and d are duo-polist that produces identical products. demand for the products is given
Describe the free trade equilibrium. Then compute and graph the following effects of an import quota that limits imports to 100 bags.
Which of the following is true under monopoly?
How do you find consumer surplus, producer surplus, and total surplus from these two equations? Supply: Qs=4p-80, demand: Qd=100-2p
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.25P, and the marginal cost of production is $160. Determine the optimal number of units to put i..
A practice would like to allocate their resources optimally between the orthopedic and rheumatology departments. The revenues per case generated by orthopedics and by rheumatology are $2,000 and $1,000, respectively.
Every economy, as well as the medical care sector, must decide the following: what should be produced, how it should be produced, how it should be distributed, and how to allow growth and innovation. With respect to the medical care sector, how are t..
If one yr later the marketplace interest rate increases by 5% also they sell the bond, this rate of return on this investment is.
The Environmental Protection Agency (EPA) is an independent department with a cabinet level secretary of Environmental Affairs. The Kyoto Protocol had strong support in the U.S. Senate.
Say y store it as cash in a mayonnaise jar in kitchen cabinet. What would this do to circular flow of income and spending. How would businesses react to household hoarding.
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