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The Johnson Company pays $2,000 a month to a trucker to haul wastepaper and cardboard to the city dump. The material could be recycled if the company were to buy a $60,000 hydraulic press baler and spend $30,000 a year for labor to operate the baler. The baler has an estimated useful life of 30 years and no salvage value. Strapping material would cost $2,000 per year for the estimated 500 bales a year that would be produced. A wastepaper company will pick up the bales at the plant and pay Johnson $23 per bale for them. Use an annual cash flow analysis and an interest rate of 8% to recommend whether it is economical to install and operate the baler.
A perfectly competitive firm has the cost curves drawn in the following diagram. If the firm's output sells for $16 per unit, what is the firm's profit-maximizing output? Why?
q.general cereals is using a regression model to estimate the demand as well as for twee tie sweeties a whistle-shaped
A state highway department is trying to decide whether it should “hot-patch” a short section of an existing county road or resurface it. If the hot-patch method is used, approximately 300 cubic meters of material would be required at a cost of $700 p..
q1. a express total profits pi in terms of q.b elucidate total profits maximized at which level of output? what price
Describe the law of diminishing marginal utility. On what assumptions is this law based? Use diminishing marginal utility to explain why millionaires often do not have many homes, even if they can afford it. Explain the three characteristics of utili..
A supermarket wants to allocate 1.75% as bounce to reward the hardworking employees from the total that will be made annually. The sales are expected to be $250,180 in the first year and $262,180 in the second year. The amount increases each year by ..
to build trust among virtual team members managers shoulddeep-six the egos and be friendlybuild a shared mythologyavoid
Sketch a well labeled graph showing the impact of the tax. On whom does the tax burden fall-the team's, owners, the fans, or both.
Suppose that Second Republic Bank currently has $150,000 in demand deposits and $97,500 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%.
One implication of the Lucas Critique is that
Elucidate five specific actions which can be expected to cause the equilibrium of ice cream to increase.
Suppose that the demand for labor is summarized by the equation: wD = 40 – 10 LD. The equilibrium wage is ___ and the equilibrium labor force is ____:
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