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The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is estimated to be $0.27 per mile for 331 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck?
q1. consider a firm as we did in the notes that maximizes it profits by selecting how many workers and how much capital
Name at least one reason why an insurance company might set a deductible. Explain when can forcing everybody to buy full insurance at market rates help everybody?
In the numerical example given in the text, the inverse demand function for the depletable resource is P = 8 -0.4q and the marginal cost of supplying it is
q.consider two countries japan and korea. in 1996 japan experienced relatively slow output growth 1 while korea had
Compare the consumption levels of workers in both countries. Explains the diversity between the countries.
What is Nick’s MRS of swimming in terms of basketball? Do his indifference curves exhibit diminishing MRS or constant MRS?
The three problems of resource allocation are faced by
movements along the consumption function while changes in wealth lead to a shift of the consumption function.
What are key differences between ontological, teleological and cosmological arguments. Identify philosopher who you think best supports his or her argument. Explain your answer briefly.
Explain how "discretionary fiscal policy" can be "countercyclical" and can be used to support aggregate demand. Us an AD/AS model to support your answer.
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Compute the year-to-year growth rates of real GDP. Can you identify the recession that occurred during this period?
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