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Kiran company is major producer if steel. Management estimates that the demand of the company's steel id given by the equation
Qx = 5000 - 1000 Px +0.1 I + 100 Pc
Using this information, the company's manager want to determine what effect a price increase would have on total revenue. Evaluate how sale of steel would change during a period of rising incomes. Assume the probable impact of competing producers raise their prices. Assume that the initial claues of Px, i, pc are $1, $20,000 and $0.80 respectively.
Determine the comparative advantage according to the classical model. Is the classical model's prediction of comparative advantage consistent with the comparative advantage in the real world given by the above example?
a factory benefits from discharging effluent q into a lake. the marginal benefit function is given by 60-2q. the
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Robot X has a first cost of $84,000 an annual maintenance and operation (M&O) cost of $31,000, a $40,000 salvage value, and will improve net revenues by $96,000 per year. Robot Y has a first cost of $146,000 an annual M&O cost of $28,000, a $47,00..
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The boat will be used for wakeboard instructing and will generate revenue of $100/hour. One instructional trip will use 4 hours on the boat's engine. Draw and simplify a cash flow diagram that will help you determine how many trips it will take to..
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