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As energy costs continue to rise, power efficiency is increasingly important. Acme Chemical is evaluating two different electric motors todrive a mixing motor and needs to perform a present economy study. The motor will produce 75 hp and will be operated eight hours per day,365 days for one year (maintenance will be performed on second shift- assume no down time during operation), after which time the motor willhave no value. Select the most economical motor. Assume Acme's electric power costs $0.16 per kWh. 1 hp = 0.746 kW. Motor A Motor BPurchase price $3,200 $3,900Annual maintenance cost $250 $450Efficiency 75% 85%
EconS 323 Problem Set 7'4, Questions on Hedonic Wage Theory and Employee Benefits, Risk and earnings, Teacher Quality and Compensating Wage Differentials
define externalities in consumption and production of goods and services. why do they occur? what are examples of
Catfish farming in Louisiana is a perfect competition market. Hence, customers of catfish are getting their catfish at the minimum cost per unit of manufacturing catfish, and they are very happy.
the maker of a leading brand of low-calorie microwavable food estimated the following demand equation for its product
the demand function for einstein bagels has been estimated as followsqx -15.87 - 40.73px 84.17py 0.55ax where qx
Research the economic costs involved in the conducting break-even analysis for good or service of your choice. Assess the factors involved in conducting the break-even analysis. Find out the conditions which might exist for the manager of this goo..
An improvement in soft drink bottling technology and an increase in the prices of sugar and high- fructose corn syrup.
assume that a country estimates its m1 money supply at 20 million. a broader measure of the money supply m2 is 50
Find out the optimal price and quantity with standard pricing. Which is the per-customer profit for the gym? What is the consumer surplus?
Even though this chapter is all about the classical explanation of business cycles, this innovation in economic theory is thanks to the ideas of John Maynard Keynes. That's why we call it a "Keynesian" supply curve
If the CPI was 110 last year and is 121 this year, what is this year's rate of inflation? What is the "rule of 70"? How long would it take for the price level to double if inflation persisted at (a) 2, (b) 5, and (c) 10 percent per year?
What is the value of a preferred stock that pays a perpetual dividend of $215 at the end of each year when the interest rate is eight percent?
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