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You cat's summer kitty-cottage needs a new roof. You are considering the following two proposals and feel a 15-year analysis period is in line with your cat' remaining lives. (There is no salvage value for old roofs.)
Thatch slate
First cost $20 $40
Annual upkeep 5 2
Service life, in year 3 5
a) Construct a choice table for interest rates from 0% to 100%
b) Which roof should you choose if your MARR is 12% what is the actual value of the IRR on the incremental cost?
What factors can contribute to unemployment and how can technology lead to greater unemployment, or is it a benefit to the economy?
Explain and discuss the differences between private goods, public goods, natural monopolies, and open-access goods.
Compute the average product of grain when each amount is used. Determine the marginal product of grain when between 1,200 and 1,800 pounds are fed, when between 1,800 and 2,400 pounds are fed, and when between 2,400 and 3,000 pounds are fed.
How do you know that the firm represented in the graph above is a purely competitive firm and to maximize profits, this firm will produce at what output level and explain why this MR=MC position is the profit-maximizing position for any firm.
Write the expression for this firm's Total Revenue and write the expression for this firm's marginal revenue - what is the profit maximizing (or loss minimizing) level of output
The questions asked that suppose that, because of important technological improvements, the society in question can double its production of tractors at each level of food production.
Economic and political stability are most important factors to be considered when finalizing an international investment.
Discuss how the actions of the Federal Reserve, specifically an increase or decrease in money supply, affect the other variables represented in the IS/LM model.
Give a brief summary of economic costs. In the short-run, why might a firm still operate even when there is a loss.
When developing short-run cost curves, it is supposed that all firms in perfect competition have the same cost curves and they all make identical short-run profits or losses.
Since demand elasticity is greater than 1 (absolute value) revenues will be increased, and since price is above marginal costs profits will increase.
An asset is to be used in a project that will last 5 years. The MACRS property class for this asset is 3 years. If B = l0, 000 and S=3,000 at the end of year 5, determine the depreciation schedule.
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