Find equivalent uniform annual cost of the grinding machine

Assignment Help Microeconomics
Reference no: EM132192574

Question: A grinding machine has a first cost of $24,000 with an expected useful life of 13 years. Salvage value at the end of its useful life is estimated to be $8,000. Annual maintenance expenses are $350. What is the equivalent uniform annual cost of the grinding machine?

Reference no: EM132192574

Questions Cloud

How would in the display a list of all the data contained : A display the number of sales for this category. How would you delete all the tables from the JustLee Database?
Directors in the strategic implementation process : What roles are played by the shareholders, upper management, and the board of directors in the strategic implementation process?
What are three major differences between torts and crimes : What are three major differences between torts and crimes? Discuss in detail the factors that complicate the job of international human resource managers.
Mechanisms in the strategic implementation process : What is the importance of control mechanisms in the strategic implementation process?
Find equivalent uniform annual cost of the grinding machine : A grinding machine has a first cost of $24,000 with an expected useful life of 13 years. Salvage value at the end of its useful life is estimated to be $8,000.
Identify an existing organisational behaviour issue : research and analyse an organisational behaviour issue within the specific context of their own workplace or industry - This is where you discuss any actions
What would the components of the development be : What would the components of the development be in an early learning(1st - 3rd) website environment be?
Find the maximum value in the designated column : Calculate the sum of the elements in that row, and output it with a label, for the user to see (2) Get user input of a column index (0 to 7).
What is the main idea in the video : What is the main idea in this video? How has viewing this video changed your view of marketing companies whose chocolate products we buy?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd