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Question: Specialized bits (costing $50,000) used in the mining industry have a useful life of 5000 hours of operation and can be traded in when a new bit is purchased for 10% of first cost. The drilling machine that uses the bit is used 1000 hours per year. What is the equivalent uniform annual cost of these bits at 2.5%?
Prepare and organize thoughts for your presentation. Remember that your objective is clear for this presentation. You are required to summarize the article, identify and explain its purpose, and define key terms
Consider the total cost and the total revenue given in the table below:
Consider a market where supply and demand are given by QXS = -10 + PX and QXd = 71 - 2PX. Suppose the government imposes a price floor of $33, and agrees to purchase any and all units consumers do not buy at the floor price of $33 per unit.
Nichols Electric expects to replace a $500,000 piece of equipment in 4 years. It plans to accumulate the necessary funds by making equal monthly deposits into a bank fund that earns 3 % per month. What is the monthly deposit?
Special interests do not oppose regulations in all cases. The Marketplace Fairness Act of 2013 would require online merchants to collect sales taxes.
your company bright paints is one of a dozen companies manufacturing a special reflective paint used for traffic signs.
nbspquestion 1 suppose the market for semiconductors in the u.s. is characterized byqd 200 -
Develop a metaphor or simile that would help someone unfamiliar with microeconomics understand the basic ideas.
In a perfectly competitive market, demand is QD = 32 - 1.5P and supply is QS = -20 + 2.5P. Find equilibrium price and quantity and producer and consumer.
Differentiate between the various types of business costs and discuss the ways management can control these costs. list 10 different types of costs organization
The speed of your automobile has a huge effect on fuel consumption. Traveling at 65 miles per hour (mph) instead of 55 mph can consume almost 20% more fuel.
To take advantage of high prices for snow shovels during a very snowy winter, Alexander Shovels, Inc., decides to increase output and the success of Red Bull leads more firms to begin producing energy drinks.
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