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As a car ages, maintenance costs usually increase. you estimate that maintenance costs for you car will be $300 a year for the first 3 years, $400 a year for the next 3 years, and will then increase by $50 a year for teh remainder of the cars life. If you plan to own the car for 15 years and i=6% what is the present value of the cars expected maintenance costs?
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Government owns the means of production in a socialist economy while individuals own the means of production in a capitalist economy. The government allocates jobs in a socialist economy while individuals determine employment in a capitalist economy...
What are the fixed costs? What are the variable costs? What is marginal cost? [Hint: for the marginal cost, consider making a small table and determine marginal cost for different values for Q.] Derive relationships for AFC, AVC, and ATC. What is ave..
Suppose that aggregate planned expenditure increases by $0.75 trillion for each $1 trillion increase in real GDP. If investment increases by $1 trillion, calculate the change in the quantity of real GDP demanded if the price level is constant at 105.
The main tool that the federal reserve uses to conduct monetary policy is
The Federal Reserve has required the largest American banks to create “living wills” for the purpose of: Knowing what the Federal Reserve should do should bank management become incapacitated for any reason, whatsoever? Creating an automatic plan of ..
Some say that drug laws infringe on peoples’ rights to dictate their own behavior. Should people be free to engage in behaviors, like drug use, as long as they do not infringe on the rights of others? Explain.
Start by addressing the following tasks: Identify the business need for the Car Sharing IS project. Consider the needed interfaces to other systems
The inverse demand function for bean sprouts were given by P(Y)=290-4Y , and the total cost of producing Y units for any firm were TC(Y)=50Y and if the industry consisted of two Cournot duopolists, then what is the equilibrium of each firm's producti..
q1. an oil company refines crude oil valued at 62barrel and sells it to motorists at its retail outlets. the price is
Suppose that two goods are perfect complements. If the price of one good changes, what part of the change in demand is due to the (Slutsky) substitution effect and what part is due to the (Slutsky) income effect? Explain.
Which of the following will be recorded as a credit entry in the U.S. balance of trade in merchandise account?
The demand function for a firm’s product is Q = P-3. The firm’s marginal cost of production is constant at MC(Q) = 12. (a) Calculate the elasticity of demand, as a function of Q. what is the firm’s profit-maximizing price? what is the firm’s profit-m..
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