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What is the annual worth of a machine that has a first cost of $10,000, a useful life of 10 years, an annual operating cost of $5,000 per year, and a salvage value of $2,000 at an interest rate of 10% per year?
q. 1. patent systems can be worthwhile if induced innovations are important also if the rewards from patents speed them
What is the underground economy? How does it affect GDP calculations? Provide three examples of underground economy transactions
A trucking company computes depreciation on its vehicles by a mileage basis. Suppose a delivery truck has a cost of $20,000, a salvage value of $2,000, and an estimated useful life of 200,000 miles. Determine the depreciation rate per mile.
Decide whether each of the following statements is a normative statement or a positive statement, then explain your answer. The gasoline tax is projected to yield $10 million in tax revenue next year. If the gasoline tax was raised by 10 cents per ga..
Use a graph to explain what happens to short run costs as a team owner increases quality. What type of expenditure is made by owners to make this shift occur? Is team ‘quality’ a short run or long run choice?
A monopolist's demand function is P = 1624 - 4Q, and its total cost function is TC = 22,000 + 24Q -4Q2 + 1/3 Q3, where Q is output produced and sold. G) The monopolist should shut down when price is equal to or lower than?
Explain how does the subsidy affect consumer surplus, producer surplus, tax revenue, and total surplus. Does a subsidy lead to a deadweight loss. Explain
q.the empirical demand function of product x is estimated asx 120 - 260.0p 0.05m - 2.50prwhere x is the predicted
Compute the compensated demand (at the new prices) for the following utility functions. Assume I = 1, initial prices are px = 1 = py, and price of x rises to p?x = 3 while py is unchanged.
In a particular competitive market, the sellers have private marginal cost (PMC) equal to 2.5 at every output level. The demand curve has the equation P = 52.5 − (5Q/2), where Q ≤ 21 is the quantity bought at price P ≤ 52.5. Explain how we can tell t..
Why do some economists believe the Fed needs to unwind monetary policies instituted during the recession? What is the risk in doing so?
What are the four types of a tiered infrastructure? What additional features does platform-as-a-service (PaaS) offer beyond software-as-a-service (SaaS)? How do efficiency and effectiveness metrics differ?
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